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
Saddleback moving headquarters to Fairfield

A developer is doubling down on the Fairfield industrial market, announcing plans to move its headquarters there amid a growing effort to build its portfolio in the area.

Industrial
Exit 8A: The top 10 industrial leases during Q2, according to JLL

The Exit 8A submarket continues to thrive in the state’s industrial sector, according to JLL, accounting for more than half of the leasing activity in northern and central New Jersey during the second quarter.

Government & Public Policy
Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

People
CBRE names new co-leader of N.J. capital markets group

By Joshua Burd CBRE Group Inc. has promoted one of its longtime brokers and office market experts to co-leader of its capital markets group in New Jersey, the real estate services firm announced. Jeremy Neuer takes over the position after…

Industrial
Garden State drawing more industrial tenants from NYC boroughs

Companies from Brooklyn and New York City’s other outer boroughs are increasingly taking industrial space in New Jersey, brokers say, whether they are expanding beyond their original business locations or looking for a new home altogether. The trend is adding to the already surging demand in the market for warehouse and distribution space in the Garden State.

Industrial
Crossing over: A look at tenants that have moved to New Jersey from NYC

Industrial users of all sizes are either relocating or expanding into New Jersey from the boroughs of New York City. Click here for a sampling of other deals from the past year:

Professional Services
New NAI Hanson sales associate to focus on industrial sales, leasing

NAI James E. Hanson has hired a longtime sales professional as the latest member of its commercial real estate brokerage team, the Hackensack-based firm announced.

Industrial
WCRE brokers 168,000 sq. ft. flex, industrial sale

An investor has acquired a six-building, 168,000-square-foot industrial and flex office in Moorestown, in a deal brokered by Wolf Commercial Real Estate.

Finance & Capital Markets
Investors Bank: Recent CRE loans total more than $280 million

Investors Bank has continued its push to lend across different sectors of commercial real estate, originating more than $280 million in financing for 10 major transactions in recent weeks.

Industrial
REIT acquires 110,000 sq. ft. industrial building in South Jersey

A real estate investment trust has acquired a nearly 110,000-square-foot industrial building in Cherry Hill, marking its first acquisition in southern New Jersey.