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
NAI Hanson: Tire recycler inks lease at Elizabeth industrial building

A tire recycler has leased nearly 30,000 square feet of industrial space in Elizabeth, under a newly announced transaction by NAI James E. Hanson.

Editor’s Note
Making strides

No matter how much I write about commercial real estate, it’s never enough for me to fully appreciate the connection between a developer and one of his or her buildings. That said, Peter Sudler summed it up well enough earlier this year, when he spoke about demolishing a vacant, antiquated office building to make way for a new industrial development.

Industrial
Duke Realty details 354,000 sq. ft. Perth Amboy lease with ecommerce logistics firm

A fulfillment and logistics firm will be the latest tenant at a new three-building, 1.3 million-square-foot industrial complex in Perth Amboy acquired by Duke Realty late last year.

Industrial
Team Resources touts new leases with printing, gift basket businesses

A graphics and printing business has leased 79,000 square feet in Garfield, in one of two new industrial deals announced Tuesday by Team Resources Inc.

Government & Public Policy
Planting the seed: The time to prepare for legal cannabis is now, real estate experts say

Insiders say the prospect of legalized recreational marijuana could have substantial benefits for New Jersey’s commercial real estate market, even with a long list of risks and complexities.

Professional Services
NAI Hanson hires sales associate for supply chain, logistics team

NAI James E. Hanson has made another addition to its team of industrial brokers.

Event Coverage
‘A changing industry’ in focus as NAIOP gala honors CRE leaders, deals of the year

A crowd of more than 800 turned out Thursday for NAIOP New Jersey’s 31st annual commercial real estate awards gala, where the organization honored some of the industry’s top executives and unveiled its coveted Deal of the Year Awards.

Industrial
Sheldon Gross touts 41,000 sq. ft. renewal with flooring company

A flooring company has renewed its lease at a nearly 80,000-square-foot building in Fairfield, in a transaction managed by Sheldon Gross Realty.

Industrial
Rockaway industrial building sells for $4.25 million, Newmark says

A private investor has acquired a 38,700-square-foot industrial building in Rockaway for $4.25 million, in a recent 1031 exchange arranged by Newmark Associates.

Photos
SLIDESHOW: Jon Hanson’s induction to the New Jersey Hall of Fame

The New Jersey Hall of Fame recently inducted its 2017 class, which included Jon F. Hanson of The Hampshire Cos., during a star-studded event in Asbury Park.