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.

Events
IOREBA event highlights critical role of LOI in real estate transactions

One of the industry’s key legal tools took center stage recently as the Industrial and Office Real Estate Brokers Association hosted its latest networking and educational event.

Industrial
LMC: Walls up at project that will add 54,000 sq. ft. to Piscataway’s Rutgers Industrial Center

The third new ground-up project in as many years is taking shape at a Piscataway industrial park, in a development that will add 54,000 square feet to the complex off Interstate 287.

Industrial
Deugen adds 16-acre industrial outdoor storage property at Exit 8A

Deugen Investment Group has acquired a 16.1-acre, low-coverage industrial outdoor storage property in Cranbury, the firm announced this week.

Featured
Marcus Partners plans 72,000 sq. ft. warehouse after office teardown in Whippany

Marcus Partners’ plans at 35 South Jefferson Road in Whippany call for a new 72,000-square-foot logistics facility with 36-foot clear ceiling heights and a layout that will cater to single- or multitenant use. — Rendering courtesy: Marcus Partners By Joshua…

Finance & Capital Markets
CBRE: Accordia scores $54 million in financing, JV equity for South Carolina industrial deal

Accordia has landed $36.9 million in financing and $17 million in joint venture equity for its recent acquisition of a South Carolina industrial park, in a set of deals arranged by CBRE.

Industrial
Resource Realty inks 53,000 sq. ft. industrial lease near Route 3 in Clifton

A private industrial user has leased nearly 53,000 square feet in Clifton, according to a brokerage team with Resource Realty of Northern New Jersey.

Community
Spring Lake Hope Foundation gala luncheon returns to Indian Trail Club on Oct. 23

The Spring Lake Hope Foundation’s Ninth Annual Gala Luncheon is set for Oct. 23, when the nonprofit will rally supporters to help the families of children with rare health conditions.

Industrial
Seagis completes ground-up 167,000 sq. ft. industrial project in Teterboro

Seagis Property Group has taken the wraps off nearly 167,000 square feet of new warehouse space in Teterboro that the developer is marketing alongside brokers with CBRE.

Industrial
BRC: Apparel company takes 52,000 sq. ft. in Linden industrial sublease

A clothing company has found a new home in Linden after agreeing to sublease 52,000 square feet of industrial space, brokers with Bussel Realty Corp. announced Thursday.

Industrial
Stonemont, HB Warehousing detail plan for new 520,000 sq. ft. logistics project in Old Bridge

A joint venture is crafting plans to bring more than 520,000 square feet of new warehouse space to Old Bridge, in a project that would add to a growing industrial corridor off Route 9.