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
Lee & Associates: Ownership group sells 20,000 sq. ft. warehouse, in latest Clifton trade

A private investor has purchased a 20,000-square-foot industrial building in Clifton, in a newly announced deal by Lee & Associates New Jersey.

Finance & Capital Markets
BEB Lending closes $5 million acquisition loan for Kearny industrial property

A tenant at an 87,000-square-foot industrial building in Kearny has acquired the property with the help of $5 million in financing from BEB Lending, a finance platform of BEB Capital.

Industrial
Lee & Associates: BlackRock buys 300,000 sq. ft. Piscataway warehouse for $80 million

BlackRock Realty Advisors has purchased a nearly 300,000-square-foot industrial building in Piscataway for $80 million, in one of two deals announced by Lee & Associates New Jersey.

Industrial
STRO, KRE Group detail 205,000 sq. ft. lease with Amazon in Woodland Park

The STRO Cos. and Kushner Real Estate Group are touting a lease with Amazon at a new industrial building in Woodland Park, where the e-commerce giant operates a 205,000-square-foot same-day delivery facility.

Finance & Capital Markets
G.S. Wilcox inks $15 million loan for 350,000 sq. ft. Fairfield flex campus

The owner of a 350,000-square-foot flex campus in Fairfield has closed on $15 million in financing for the property, in a deal arranged by G.S. Wilcox & Co.

Industrial
Electronics maker preleases 30,000 sq. ft. Piscataway warehouse, LMC says

An electronics manufacturer has taken 30,000 square feet at a nearly complete warehouse in Piscataway, in the latest addition to an industrial park near Interstate 287.

Professional Services
Son of late Sheldon Gross Realty founder rejoins firm, as senior vice president

A member of the Gross family has rejoined Sheldon Gross Realty, the West Orange-based firm founded more than 60 years ago.

Editor’s Note
Growth story

As you’ll read in this month’s cover story, Accurate has been prolific in filling its development pipeline, moving decisively to secure new projects in the state and elsewhere. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including more than 4,000 units in Newark, where it’s leading the sweeping redevelopment of the former Riverfront Stadium property.

Professional Services
Lee & Associates promotes two industrial brokers to assistant vice president

Lee & Associates New Jersey has promoted two industrial brokers to the role of assistant vice president, the Elmwood Park-based firm announced Tuesday.

Industrial
Tenants wanted for new 262,000 sq. ft. Mercer County industrial building, Avison Young says

A developer has tapped Avison Young as its leasing agent for more than 260,000 square feet of soon-to-be-built industrial space in Lawrence Township.