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.

NAI brokers in Teterboro, Houston tapped to market parcel at sprawling industrial park

Brokers in New Jersey and Texas have joined forces to market a 60-acre parcel at a massive industrial park in Houston.

Private equity firm invests in ground-up light industrial portfolio in Monmouth, Mercer

A private equity firm is marking a new investment in a three-building light industrial portfolio that’s now under construction in central New Jersey.

Stro, KRE refinance Clifton cold storage building for $42 million

The Stro Cos. and Kushner Real Estate Group have secured $42 million in financing for a fully leased, 220,000-square-foot cold storage facility in Clifton.

DoorDash takes 12,000 sq. ft. at Bergen County industrial building, NAI Hanson says

Online food delivery platform DoorDash has leased 12,000 square feet of industrial space in Fair Lawn, brokers with NAI James E. Hanson announced Thursday.

Printing, direct mail business expands to 71,000 sq. ft. in Jersey City

A print and direct mailing company has nearly doubled its footprint in Jersey City after signing a lease renewal and expansion to 71,000 square feet, in a newly announced deal by Newmark.

Major industrial deals in Gloucester, Burlington counties among latest deals by NAI Mertz

Brokerage firm NAI Mertz is touting the $26 million sale of a nearly 255,000-square-foot industrial building in Logan Township, in one of several newly announced first-half deals.

Sitex adds Paramus industrial property, inks lease with Carvana in Perth Amboy

Sitex Group has completed two new industrial transactions in New Jersey, including a lease in Middlesex County with a fast-growing e-commerce auto retailer.

Investment firm enters New Jersey, adding 69,000 sq. ft. industrial building in Garfield

An investment firm has made its first acquisition in New Jersey with the purchase of a mixed-use property in Bergen County, under a newly announced transaction by CBRE.

Outside the box

By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.

SIOR New Jersey returns to in-person gatherings, in key step for brokerage community

Perhaps as much as anyone else in commercial real estate, brokers have been eager to return to the pre-pandemic days of in-person gatherings and face-to-face networking. Local leaders with the Society of Industrial and Office Realtors are well aware as they plan the chapter’s own transition back to business as usual, following a year of virtual events and finding creative ways to keep their members engaged.