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
Industrial vacancy drifts upward in New Jersey amid new construction, ‘normalized’ demand

Vacancy in New Jersey’s booming industrial market has ticked upward, thanks to a flurry of new construction and a return to what experts describe as normalized demand levels.

Professional Services
Bowman taps Sylvester as vice president of New Jersey operations, eyeing continued growth

Bowman Consulting Group Ltd. has hired industry veteran and brownfield development expert Michael Sylvester as its vice president of New Jersey operations.

Deals
NAI Mertz inks new lease in Pennsylvania for growing badminton, table tennis business

A badminton and table tennis club has leased space in Pennsylvania’s Bucks County, about 45 miles west of New Jersey, in a deal arranged by NAI Mertz.

Industrial
Goodman launches leasing for planned 100,000 sq. ft. industrial building in Carlstadt

Construction is set to begin on a 100,000-square-foot industrial building in Carlstadt, in a project that will bring modern logistics space to the aging Meadowlands submarket.

Industrial
Flemington business park is 55 percent preleased after newest deals, Larken says

Larken Associates has preleased more than 50 percent of a new four-building, 150,000-square-foot flex industrial park under construction in Flemington.

Industrial
Petrucci, FedEx sign 100,000 sq. ft. renewal for last-mile facility in Hamilton

FedEx has signed a lease renewal for its last-mile distribution facility in Hamilton, where it occupies 100,000 square feet under a deal with J.G. Petrucci Co. Inc.

Professional Services
T&M Associates adds Vizzini as site development practice leader in Northeast

Consulting and professional services firm T&M Associates has tapped Mark Vizzini as its regional practice leader for site development in the Northeast.

Industrial
Wharton-led venture sells 1.3 million sq. ft. Pennsauken industrial portfolio for $195 million

Wharton Industrial and Walton Street Capital have sold a 1.3 million-square-foot industrial portfolio in Pennsauken for nearly $195 million, the firms announced Thursday.

Industrial
NAI Hanson: Construction firm expands from Queens, buys Hackensack industrial building

A construction firm has acquired a 2,600-square-foot industrial building in Hackensack as part of a plan to expand from Queens, in a newly announced deal by NAI James E. Hanson.

Industrial
New Metro Self Storage opens on Route 34 in Monmouth County

Metro Storage LLC has opened a new 558-unit facility in Monmouth County, as the operator expands its footprint in New Jersey to nearly a dozen locations.