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 inks 14,000 sq. ft. industrial lease in Rockaway

A beauty products company has leased nearly 14,000 square feet at a Rockaway industrial building, according to property owner Saddleback Real Estate Developers.

Office
At Kearny Point, diversification is key

The wide, light-filled hallways inside Building 78 are lined with glass panels that offer a look into the businesses that have moved into Kearny Point — from a wedding dress designer to a 3D printer to venture capital-backed research labs. All signs point to a project that has succeeded in creating diversity at the 207,000-square-foot flex office space, where the first tenant committed in late 2015.

Industrial
NAI Hanson marketing new 271,000 sq. ft. warehouse in Mahwah

A developer has tapped brokers with NAI James E. Hanson to market a new 271,195-square-foot warehouse under construction along the northern edge of Bergen County.

Industrial
Bussel brokers 10,600 sq. ft. industrial lease in Edison

An international trading firm has leased 10,608 square feet of industrial space in the Raritan Center section of Edison, in a deal brokered by Bussel Realty Corp.

Industrial
Firms acquire 245,000 sq. ft. Paterson industrial building

A joint venture has acquired a fully leased, 245,000-square-foot industrial building along Interstate 80 in Paterson, the firms announced this week.

Industrial
Terreno buys Newark industrial sites for nearly $30 million

An industrial real estate firm has expanded its New Jersey holdings by acquiring two sites in Newark for a combined $29.5 million, according to the buyer and brokers involved with the deal.

People
Teaneck firm touts addition of third-generation executive

A third generation has joined the leadership team at Key Properties LLC, a Teaneck-based developer and real estate management firm.

Industrial
HFF: Owners using $14.9 million loan to acquire, develop 8A industrial site

HFF has secured nearly $15 million in financing to help a joint venture acquire, entitle and renovate an industrial building in South Brunswick, where it also hopes to build on an adjacent development site.

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.