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.

JLL: Joint venture, logistics firm ink full-building lease in South Brunswick

A logistics firm has leased 369,000 square feet at a South Brunswick industrial building, in a deal announced this week by JLL.

Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.

CBRE touts $1.5 million industrial sale in Hackettstown

An industrial building in Hackettstown has changed hands for $1.5 million, following an investment sale announced Thursday by CBRE.

Finance & Capital Markets

Wilcox brokers $27 million loan for Central Jersey industrial owner

G.S. Wilcox & Co. has arranged $27.2 million in financing for a three-building industrial portfolio in central New Jersey, the commercial mortgage banking firm said.

HFF sources $37 million loan for Secaucus industrial project

The developer of a newly built, two-building industrial complex in Secaucus has secured nearly $37 million in permanent financing, according to brokers with HFF who arranged the loan.

Onyx, JLL unveil plans for office-to-industrial redevelopment in Mahwah

Onyx Equities is moving ahead with plans to raze an obsolete, 1960s office building in Mahwah and redevelop the site as a new 120,000-square-foot industrial building.

NJCU conference set to focus on property management, global trade

An upcoming conference in Jersey City will shine a light on property management, with a focus on promoting international business and sharing best practices from around the world.

Developers grapple with scarce opportunities, soaring prices while riding N.J. industrial wave

In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.

Stro touts 45,000 sq. ft. industrial purchase in Bergen County

The Stro Cos. has acquired a 45,000-square-foot light industrial building at the nexus of three major highways in Elmwood Park, the commercial real estate firm said Monday.

Mertz brokers sale of Atlantic County industrial portfolio

An investor has purchased a three-building, 139,000-square-foot warehouse portfolio in Egg Harbor Township, in a sale arranged by brokers with NAI Mertz.