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.

People
Advance hires new senior associate of asset management

The New Jersey Center of Excellence in Bridgewater — Courtesy: Advance Realty By Joshua Burd Advance Realty has continued its recent flurry of hiring with an addition to its asset management team. The Bridgewater-based developer said Thursday that it had…

Industrial
CPN brokers $3.25 million sale of Ewing facility

A pharmaceutical packaging firm has acquired a 41,000-square-foot facility in Mercer County, in a $3.25 million transaction arranged by Commercial Property Network Inc.

Finance & Capital Markets
CBRE honored for role in Bridge portfolio sale

A national publication has recognized CBRE for its role in last year’s blockbuster sale of a three-state, 3.4 million-square-foot industrial portfolio by Bridge Development Partners.

Cover Story
Commercial landlords hope for continued growth

Experts believe the reforms will spur additional growth during an expansion that will soon be the second-longest in U.S. history, thanks in part to a sweeping cut to the corporate tax rate from 35 to 21 percent. That bodes well for New Jersey’s office and industrial landlords.

Professional Services
Broker joins Vantage RES as sales associate

Vantage Real Estate Services has once again added to its fast-growing brokerage team.

Finance & Capital Markets
NKF inks sale of 788,000 sq. ft. industrial portfolio in Connecticut

Capital markets brokers based in Newmark Knight Frank’s Rutherford office have inked the sale of a six-building, 788,000-square-foot industrial portfolio in Connecticut.

Industrial
NAI Hanson brokers 25,000 sq. ft. lease for vitamin maker

A vitamin manufacturer has leased more than 25,000 square feet of industrial space in Carlstadt, under a newly announced deal brokered by NAI James E. Hanson.

Industrial
Logistics firm inks 254,000 sq. ft. industrial lease in Piscataway

A third-party logistics company has committed to a major expansion with a newly signed lease at a Piscataway industrial building, brokers with Colliers International said.

Retail
Marcus & Millichap touts banner year for northern New Jersey team

Brian Hosey By Joshua Burd Marcus & Millichap’s northern New Jersey office is trending upward, touting a year in which its total number of transactions grew by 44 percent. The brokerage said Thursday that its Saddle Brook-based team is one…

Government & Public Policy
Hurdles remain in push to repair N.J. highways, advocate says

Despite a new dose of funding from the state’s gas tax, New Jersey is still far from achieving the level of investment it needs to sustain its vital transportation infrastructure. That was one key message on Wednesday from a top advocate for infrastructure spending, who offered a mix of good news and bad news to a crowd of developers and service professionals.