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.

What is the role of technology, creativity and innovation in New Jersey’s surging industrial market?

We assembled a panel of industry experts to tackle this month’s Roundtable question. Here’s what they had to say.

Furniture distributor takes 42,000 sq. ft. in Bergen County, Team Resources says

A furniture distribution company has leased nearly 42,000 square feet at a Fairview industrial building, in one of three recent transactions announced by Team Resources Inc.

NAI Hanson: Morris County industrial building draws investor interest

An investor has acquired a 157,822-square-foot industrial building in Flanders, just months after a logistics firm signed a seven-year lease extension for the entire space.

With a state government in transition, let’s build on our progress

As we prepare for the next governor and potential changes in the Legislature, it is important to recognize what New Jersey has accomplished in the last several years, continue this momentum and support these programs and initiatives. Our economy is certainly getting better, based on all the construction taking place and today’s low unemployment rate. Affordability and stagnant wages, however, remain challenges to many and are a big reason why a huge proportion of millennials are still living at home with their parents. Without immigration, our population would be dwindling.

Englewood business park sees 30,000 sq. ft. in leasing, NAI Hanson says

The owner of an industrial and flex park in Englewood has inked 20,000 square feet in leasing activity, in a series of transactions brokered by NAI James E. Hanson.

Oils, fragrance supplier debuts solar array at Carteret HQ

A global distributor of essential oils and aromatic chemicals has unveiled a new 200,000-square-foot solar array at its headquarters facility in Carteret, the firm announced recently.

HFF: Clifton industrial project refis for $23.35 million

HFF has arranged a $23.35 million refinancing for the developers that recently repositioned a 204,000-square-foot industrial building in Clifton, the firm announced this week.

Colliers: Mount Laurel warehouse sells for $5.65 million

A South Jersey real estate firm has sold a 106,000-square-foot industrial building in Mount Laurel for $5.65 million, according to brokers with Colliers International Group.

Bussel brokers $850,000 sale of Middlesex industrial property

The owner of a transportation company has paid $850,000 for a 14,000-square-foot industrial building in Middlesex County, according to a broker with Bussel Realty Corp.

NAI Hanson: Logistics firm expands into Meadowlands industrial building

A national transportation and logistics firm has leased nearly half of a 53,000-square-foot industrial building in the Meadowlands, according to brokers with NAI James E. Hanson.