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
Mixed-use complex trades for $7M, Marcus & Millichap says

Marcus & Millichap has brokered the $7 million sale of a four-building complex in Little Ferry, the firm said Wednesday.

Industrial
Sitex lands tenant at spec distribution center

A third-party logistics firm has leased 83,000 square feet at Sitex Group’s new industrial building in Ridgefield, Colliers International Group announced Tuesday.

Industrial
NAI Hanson inks 23K sq. ft. lease in Paterson

A home furnishing firm will occupy more than 20,000 square feet at a Paterson industrial building, following a deal brokered by NAI James E. Hanson.

Finance & Capital Markets
C&W: 8A industrial sale drew ‘deep investor pool’

The owner of a 324,540-square-foot warehouse in Monroe has sold the property, Cushman & Wakefield announced, in a rare industrial investment sale in the Exit 8A submarket.

Events
Greenbaum among CRE leaders to be honored at NAIOP gala

Arthur M. Greenbaum, a titan of New Jersey real estate law, will receive a lifetime achievement award and headline the list of honorees at NAIOP New Jersey’s annual gala this spring.

Industrial
NAI Hanson brokers 97K sq. ft. industrial sale

Brokers with NAI James E. Hanson have arranged the sale of a 96,500-square-foot industrial building about 20 miles over New Jersey’s northern border, the firm said Thursday.

Industrial
Tulfra, Hampshire sell repositioned industrial building for $12M

A joint venture has sold a Springfield industrial building for $12 million, nearly a decade after acquiring the property and embarking on a series of upgrades that attracted new tenants.

Industrial
NAI Hanson: Tenant’s growth drives 9K sq. ft. industrial lease

A piping contractor has leased more than 9,000 square feet at a Waldwick industrial building, with NAI James E. Hanson serving as the broker for the property’s owner.

Industrial
Bussel brokers 50K sq. ft. lease at Millburn warehouse

A spice distributor has leased more than 50,000 square feet at a Millburn industrial building, in a deal arranged by Bussel Realty Corp.

Finance & Capital Markets
Global appeal: Foreign investors see new opportunity in New Jersey

As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.