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
Bergen flex buildings trade in 1031 exchange, NAI Hanson says

An investor has purchased two adjacent flex industrial buildings in Saddle Brook as part of a recent 1031 exchange, brokers with NAI James E. Hanson said Wednesday.

Industrial
Longtime NAI Hanson client sells Elmwood Park flex building

A recently upgraded, 15,700-square-foot flex industrial building has changed hands in Elmwood Park, following a sale arranged late last year by NAI James E. Hanson.

Professional Services
SIOR names NAI Mertz broker as N.J. chapter president

A longtime broker with NAI Mertz has taken over as New Jersey chapter president for the Society of Industrial and Office Realtors.

Finance & Capital Markets
Owner of New Jersey, Virginia warehouse portfolio secures $11.3 million loan

HFF has arranged $11.3 million in financing for the owner of a three-building warehouse portfolio in New Jersey and northern Virginia, the brokerage firm said Thursday.

Industrial
NAI Mertz inks 135,000 sq. ft. warehouse lease in Moorestown

A newly renovated warehouse building in Moorestown has landed a 135,000-square-foot tenant, under a long-term lease arranged by brokers with NAI Mertz.

Industrial
Sudler razing Piscataway office building, set to build new industrial space

After tearing down a large, aging office building to make way for two new distribution centers in Cranbury, the Sudler Cos. is looking to replicate that formula elsewhere in its portfolio.

Top News
Murphy announces pick to lead EDA

Gov. Phil Murphy has named a former banker and current public official in Connecticut as the next CEO of the powerful New Jersey Economic Development Authority.

Finance & Capital Markets
Cross River hires veteran banker to grow CRE lending division

A veteran loan officer has joined Cross River, a Fort Lee-based bank with a growing multifamily and commercial real estate division.

Industrial
Distributor inks two leases in Hillside, BRC says

An industrial user has leased a combined 43,500 square feet at two buildings in Hillside, under a set of transactions announced this week by Bussel Realty Corp.

Industrial
Port Jersey industrial building hits the market for lease

CBRE brokers are seeking tenants for nearly 240,000 square feet of industrial space in Hudson County, at a complex alongside the Global Container Terminal facility in Jersey City.