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.

Top News
Saxum marks $800 million in new investments, $650 million in recent groundbreakings

Saxum Real Estate is touting a flurry of recent deals and construction activity, including more than $800 million in investments and $650 million in groundbreakings.

Industrial
Mortimer named senior vice president, investment officer with Prologis New Jersey team

Prologis Inc. has promoted Read Mortimer to senior vice president and investment officer for the New Jersey market, the real estate investment trust announced Thursday.

Industrial
KRE taps CBRE to sell or lease planned four-building, 345,000 sq. ft. industrial park in Ewing

KRE Group has teamed with CBRE to secure a buyer or tenants for more than 345,000 square feet of new flex and warehouse space that it’s set to construct in Ewing.

Deals
Office, industrial leases in Central Jersey among latest deals by Boniakowski

A financial services firm has leased 1,600 square feet of office space in Branchburg, in one of three newly announced deals by The Boniakowski Commercial Real Estate Group.

Government & Public Policy
Weehawken parcel sold to Amtrak for $60 million after eminent domain settlement

Amtrak has taken control of a key parcel near the Hudson River waterfront in Weehawken, having acquired it for $60 million after an eminent domain settlement negotiated by Carlin, Ward, Ash & Heiart LLC and Winne Banta Basralian & Kahn PC.

Industrial
NAI Mertz: Tenants lease 30,000 sq. ft. to bring Cherry Hill industrial park to full occupancy

Velocity Venture Partners has leased up a Cherry Hill industrial campus after four new deals totaling roughly 30,000 square feet, brokers with NAI Mertz announced this week.

Events
JLL’s Kossar to headline United Way Legacy Event, with six projects vying for Impact Awards

United Way of Northern New Jersey will honor JLL’s Rob Kossar next month at an annual fundraiser that draws hundreds of commercial real estate industry leaders, where the organization will also celebrate top projects in multiple asset classes.

Industrial
Prologis buys 1.1 million sq. ft. industrial portfolio at Exit 8A in reported $197 million deal

Prologis Inc. has added more than 1 million square feet in the region with its acquisition of two industrial properties in Monroe Township, in a deal arranged by Cushman & Wakefield.

Industrial
Castelbuono joins PREMIER East Coast team as vice president of field operations

PREMIER Design + Build Group has hired Fred Castelbuono as vice president of field operations, making another key addition to its growing East Coast team.

Industrial
Zimmel named leasing agent for new 129,000 sq. ft. warehouse project in Tinton Falls

The developer of more than 129,000 square feet of new industrial space in Tinton Falls has tapped Zimmel Associates as its leasing team for the property.