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
Prologis, Allied Beverage detail plans for 540,000 sq. ft. distribution center in Elizabeth

Prologis is set to build a new 540,000-square-foot distribution center in Elizabeth as part of a recently signed lease with a major wine and spirits distributor based in the state.

Industrial
Saddleback inks 31,000 sq. ft. lease in Parsippany

Saddleback Real Estate Developers has leased more than 30,000 square feet in Parsippany to a bearing products distributor, the investment and management firm said this week.

Industrial
NAI Hanson: Large-format printer inks 10,700 sq. ft. lease in South Hackensack

A firm that prints vehicle wraps and other large-format graphics has leased nearly 11,000 square feet of industrial space in South Hackensack, according to brokers with NAI James E. Hanson.

Photos
IN THE MOMENT: NAIOP New Jersey’s President’s Awards and Hall of Fame Dinner (SLIDESHOW)

NAIOP’s New Jersey chapter recently hosted a crowd of more than 300 real estate executives and professionals for the association’s annual President’s Awards and Hall of Fame Dinner.

Industrial
New LG distribution center shows growing strength of Exit 8 industrial market

A developer has opened the doors to a new 410,300-square-foot industrial building in East Windsor that will serve as a distribution center and warehouse for LG Electronics USA.

Industrial
Tulfra celebrates Oktoberfest while unveiling flex building in West Caldwell (SLIDESHOW)

Tulfra Real Estate has completed a major renovation a 108,000-square-foot flex building in West Caldwell — taking a rather seasonal approach recently when it unveiled the space to brokers.

Industrial
CPN: Auction house buys 16,000 sq. ft. Hunterdon County building

An auction house is expanding its footprint with the acquisition of a 16,000-square-foot building in Lambertville, according to the brokerage firm Commercial Property Network.

Professional Services
Engineering firm looks to drone technology to propel its business forward

Kipcon Engineering has worked to expand and modernize its practice with the use of drones, using the technology for everything from surveying and road repairs to moisture testing and building inspections — providing a new frontier for engineering and construction professionals.

Industrial
CBRE: Rent growth shows no signs of slowing in N.J. industrial sector

Average asking rents across the state’s booming industrial market have eclipsed $6.50 per square foot, continuing a steady climb that is now five years and counting.

People
Atlantic Real Estate broker promoted to VP

Atlantic Real Estate Services has promoted one of its brokers to vice president, following his completion of more than 1 million square feet of deals over the past year.