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
Warehouse tenant extends at Hartz-owned building in Bayonne

A maker of fashion accessories has extended its 84,000-square-foot lease at a Bayonne industrial building, in a transaction brokered by Colliers International.

Industrial
Sitex, NAI Hanson mark start of construction for Mahwah warehouse

Sitex Group has started construction on a new 271,000-square-foot industrial building in Mahwah, as brokers with NAI James E. Hanson ramp up their marketing effort for the site.

Trend Watch
Trend Watch Oct. 2nd: Big-box leasing activity accelerates in New Jersey

Over the last three months, New Jersey’s industrial market recorded nearly 10.0 million square feet of leasing activity, with big-box markets like Southern New Jersey and Exit 8A seeing a flurry of activity.

Industrial
Importer displaced by massive fire inks short-term lease in Woodbridge

An importer has leased more than 132,000 square feet of industrial space in Woodbridge, where it will remain for about a year until the completion of a new warehouse in North Brunswick.

Industrial
NAI DiLeo-Bram brokers 67,000 sq. ft. industrial lease in Branchburg

A maker of decorative hardware for kitchens and bathrooms has leased a 67,000-square-foot industrial building in Branchburg, according to brokers with NAI DiLeo-Bram & Co.

Industrial
Elberon acquires 115,000 sq. ft. Elizabeth warehouse for $9 million

Elberon Development Group has expanded its footprint in Elizabeth, completing the $9 million acquisition of a soon-to-upgraded, 115,000-square-foot warehouse in the city.

Industrial
Developer breaks ground on Woodbridge distribution center

An investment manager has kicked off construction at more than 240,000 square feet of new industrial space in the Avenel section of Woodbridge, the firm said Tuesday.

Industrial
Tulfra sells West Caldwell industrial building for $7.8 million

Tulfra Real Estate has reaped nearly $8 million from the sale of a fully leased, 62,200-square-foot industrial building in West Caldwell, capitalizing on what it says is a growing demand for space in the Fairfield-area submarket.

Finance & Capital Markets
Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Industrial
Tulfra plans self-storage in Clifton redevelopment project

Tulfra Real Estate has acquired a vacant 6.5-acre property alongside Route 3 in Nutley, where it plans to develop a 125,000-square-foot self-storage facility.