Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Industrial
Brooklyn-based buyer adds 52,000 sq. ft. Totowa warehouse, Team Resources says

An affiliate of Snowball Developments LLC has acquired a 52,000-square-foot industrial building in Totowa, brokers with Team Resources Inc. announced last week.

Finance & Capital Markets
C&W: LEG inks $54 million construction loan for 204,000 sq. ft. Belleville industrial project

Lincoln Equities Group has landed nearly $54 million in financing to build more than 204,000 square feet of new industrial space in Belleville, brokers with Cushman & Wakefield said.

Events
NAIOP unveils Deal of the Year finalists for industrial, winners for office and mixed-use

NAIOP New Jersey has announced its Deal of the Year winners in the office and mixed-use categories as well as three finalists for the industrial sector, with plans to highlight the honorees at its 37th annual Commercial Real Estate Awards Gala in mid-May.

Industrial
Denholtz enters Texas market, acquires new 213,000 sq. ft. industrial campus

Denholtz Properties has added to its portfolio outside New Jersey with more than 213,000 square feet of newly built industrial space near Austin, Texas.

Industrial
Private buyer snags 93,000 sq. ft. Oakland warehouse for $14.7 million, JLL says

A private investor has purchased a 93,000-square-foot industrial building in Bergen County for $14.65 million, in a newly announced deal by JLL.

Industrial
Elberon’s Gibbons honored with Elizabeth Development Co. Lifetime Achievement Award

Elberon Development Group CEO Dave Gibbons has received the Lifetime Achievement Award from the Elizabeth Development Co., the public nonprofit organization that has helped guide economic growth in the city for more than 45 years.

Events
Denholtz, McGuinness among honorees slated for NAIOP New Jersey gala in May

Denholtz Properties CEO Steven Denholtz will be the latest recipient of NAIOP New Jersey’s lifetime achievement award, headlining a list of honorees for the chapter’s spring gala that will also include its own former longtime chief executive.

Industrial
Ridgecut closes on development site, eyes 146,000 sq. ft. warehouse project in Orange County

Ridgecut Road has closed on a development site in New York’s Orange County where it plans to build more than 146,000 square feet of new high-end industrial space.

Industrial
Goodman buys ex-Daily News printing plant in Jersey City, eyes redevelopment

By Joshua Burd Goodman Group has acquired the longtime site of the New York Daily News’ printing plant in Jersey City, with plans to repurpose or redevelop the complex as modern industrial space. The sellers, a partnership between the New…

Industrial
Demand soars for ‘community solar’ projects on warehouses, as state program enters new phase

Landlords are expanding their participation in New Jersey’s nation-leading Community Solar Energy Program, which allows property owners to lease their rooftops to solar developers, as the state transitions from a pilot phase to a permanent model.