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.

Finance & Capital Markets
Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Industrial
Manufacturer acquires, retrofits former BD plant in Totowa

A cosmetics company has retrofitted a former Becton Dickenson plant in Totowa after recently purchasing the building to accommodate its own manufacturing operation.

Industrial
Bridge acquires I-78 industrial site with approvals for 3.8 million sq. ft.

Bridge Development Partners has acquired the rights to build nearly 4 million square feet of industrial space near Interstate 78, following its $43 million purchase of a sprawling development site in Warren County.

Government & Public Policy
Developer’s car will serve as backdrop for CRE industry during Walk to Washington

In just two weeks, hundreds of business and political leaders will board a southbound Amtrak train as part of the New Jersey Chamber of Commerce’s annual Walk to Washington. And you can bet that the state’s commercial real estate sector will be well-represented.

Industrial
EDA: Foot care company weighs move to Elizabeth from Brooklyn

The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.

Industrial
New 290,000 sq. ft. industrial project underway in Newark

Construction is underway on a new 290,000-square-foot distribution center project just outside Port Newark-Elizabeth, according to brokers with CBRE who are marketing the property.

Industrial
Ridgefield building sells for $9 million, Marcus & Millichap says

A private investor has acquired a nearly 82,000-square-foot industrial complex in Ridgefield, in a $9 million sale brokered by Marcus & Millichap.

Professional Services
Military veteran is newest hire for Vantage RES

A former U.S. marine has joined Vantage Real Estate Services as its director of strategic partnerships, the Marlton-based firm announced Friday.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Finance & Capital Markets
Building on their brands: Touhey has helped drive Investors’ growth in central, southern N.J.

Investors Bank’s expansion into central and southern New Jersey and neighboring states has been key to its growth during that time, with Tim Touhey’s team having originated more than $3.4 billion in loans.