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
CBRE brokers leases with food manufacturer, other tenants at Somerset industrial park

The owner of a six-building industrial park in Somerset County has completed 50,000 square feet in leasing activity, in a series of recent deals arranged by CBRE Group Inc.

Industrial
Sheldon Gross: Former manufacturing site sold, slated to become self-storage

An investment firm has acquired a former manufacturing building in New Brunswick and plans to convert it to a self-storage facility, according to brokers with Sheldon Gross Realty.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Industrial
Zimmel brokers $12.6 million in warehouse, office sales

A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.

Industrial
NAI Hanson: Clothing maker buys Newark warehouse, will relocate from Brooklyn

A luxury apparel company is relocating to Newark after acquiring a nearly 14,000-square-foot industrial building in the city, following a deal brokered by NAI James E. Hanson.

Finance & Capital Markets
Hartz warehouse properties secure nearly $25 million in financing, Wilcox says

G.S. Wilcox & Co. has arranged $24.7 million in financing across two transactions for Hartz Mountain Industries, the Morristown-based mortgage banking firm announced.

Industrial
NAI Hanson sells industrial, flex space for longtime client in Elmwood Park

The longtime owner of an industrial and flex portfolio in Elmwood Park has sold one of the buildings, in a deal arranged by brokers with NAI James E. Hanson.

Office
Capital markets brokers Welsh, Schulz join Newmark Knight Frank

A team led by two of the state’s top capital markets brokers has joined Newmark Knight Frank, providing a powerful addition to the firm’s investment sales platform in northern New Jersey.

Industrial
Elizabeth industrial portfolio trades for $13.2 million

Bussel Realty Corp. has brokered the sale of a 115,078-square-foot industrial portfolio in Elizabeth, one of several recent deals announced by the firm on Monday.

Industrial
Developer adds to Fairfield industrial portfolio

Saddleback Real Estate Developers has added to its fast-growing industrial portfolio with the acquisition of a 23,200-square-foot building in Fairfield.