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.

Personalities
Strategic approach: Bergstein reflects on blockbuster deals and Lincoln Equities Group’s plans to diversify

During his more than 25 years with Lincoln Equities Group — including a full decade as its top executive — Joel Bergstein has seen plenty of changes in the commercial real estate sector.

Industrial
Stro Cos., logistics firm ink 34,000 sq. ft. lease in Lincoln Park

The Stro Cos. has leased 34,300 square feet in Lincoln Park to a logistics firm focused on so-called last-mile delivery services, the landlord announced Monday.

Industrial
On the rise: New Jersey’s ‘other’ industrial corridor

Running from the crossroads of Edison to the New York State border, the 70-mile stretch of Interstate 287 is an active but sometimes-overlooked piece of the state’s industrial market. That corridor has not only grown considerably in recent years, but is in line for continued interest from developers, tenants and investors as an alternative to the booming big-box markets along the New Jersey Turnpike.

Industrial
Newmark: Clifton industrial building fetches $6.6 million

Newmark Associates has brokered the $6.6 million sale of a 10,000-square-foot industrial complex at the junction of routes 3 and 21 in Clifton, the firm said Monday.

Industrial
Colliers: Preleasing continues at spec industrial buildings in N.J.

Industrial space continues to be a winning bet for New Jersey developers, as tenants preleased some 3.5 million square feet of speculative buildings that were delivered in the second quarter.

People
Transwestern names new operations director in New Jersey

Transwestern has hired a real estate industry veteran as its new director of operations in New Jersey, the brokerage and service firm announced.

Industrial
Burlington warehouse sold for $2.7 million, Colliers says

A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.

Industrial
Piscataway site sold for $57 million, setting up 2.4 million sq. ft. industrial development

A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.

Industrial
Sitex acquires warehouses in Bergen, Essex counties

Sitex Group, an industrial real estate investor, has added to its portfolio in northern New Jersey with the acquisition of warehouses in Englewood and West Caldwell.