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.

Professional Services
Corporate relocation expert Foley joins Cresa New Jersey as managing principal

Veteran broker and corporate relocation expert Dan Foley has joined Cresa’s New Jersey team, where he’ll serve large office and industrial clients throughout the Northeast corridor.

Finance & Capital Markets
Developers land $22 million construction loan for 140,000 sq. ft. Parsippany warehouse project

A joint venture has closed on a $22 million construction loan to build 140,000 square feet of new industrial space in Parsippany, with plans to break ground in the weeks ahead.

People
Denholtz adds former Kushner, Related executive McCool as head of capital markets

Denholtz has hired Jennifer McCool as executive vice president and head of capital markets, in another key addition to the company’s senior leadership team.

Industrial
LEG inks 303,000 sq. ft. lease at Hudson Valley logistics park with sustainable snack maker

Lincoln Equities Group has leased more than 303,000 square feet to a maker of clean and organic snack foods, filling one of two new industrial buildings in New York’s Putnam County.

Industrial
Blau & Berg, Atlantic Handling Systems join growing Circulate NJ business coalition

Circulate NJ has welcomed The Blau & Berg Co. and Atlantic Handling Systems as its newest members, bolstering its ranks as the business coalition promotes the economic benefits of the state’s far-reaching logistics sector.

People
Woodmont taps Moore as co-chief investment officer, head of value-add multifamily unit

Woodmont Properties has appointed Jon Moore as co-chief investment officer and principal of a newly formed division focused on value-add multifamily investments.

Professional Services
Industrial property specialist Chiusolo joins NAI DiLeo-Bram as vice president

NAI DiLeo-Bram & Co. has once again expanded its brokerage team with the addition of Christopher J. Chiusolo as a vice president.

Industrial
Lincoln Property Co., Ullico acquire vacant 139,000 sq. ft. industrial building in Hamilton

Lincoln Property Co. and Ullico Investment Advisors have acquired a nearly 139,000-square-foot industrial building in Hamilton, the firms announced this week.

Industrial
Castle & Brothers Logistics leases 14,000 sq. ft. at Elizabeth industrial building, BRC says

A freight carrier has taken 14,000 square feet of small-bay industrial space in Elizabeth, brokers with Bussel Realty Corp. announced Monday.

Finance & Capital Markets
JLL: Oliver Street Capital lands $22 million acquisition loan for South Plainfield IOS site

An investment firm has secured more than $22 million in acquisition financing for a set of industrial outdoor storage properties in South Plainfield, brokers with JLL announced.