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
Furniture seller inks lease at Carteret distribution center

Bob’s Discount Furniture has been identified as the newly signed tenant at a 360,000-square-foot industrial building in Carteret, one of two deals announced recently by developer Prologis.

Industrial
New owner will convert Totowa pharma building after $11M sale

A buyer has paid $11 million to acquire a pharmaceutical manufacturing building in Totowa, where it now plans to retrofit the space into a warehouse and storage facility.

Industrial
Warehouse sale allows beverage maker to relocate, NAI Hanson says

A beverage company is consolidating from two locations into more than 49,000 square feet in South Hackensack, following a deal arranged by NAI James E. Hanson.

Industrial
NAI Hanson inks 5,000 sq. ft. industrial lease in Englewood

A retail merchandising company has leased 5,000 square feet at an Englewood industrial building, brokerage firm NAI James E. Hanson announced Thursday.

Industrial
Auto dealer inks 155K sq. ft. lease at Secaucus warehouse

A luxury auto dealership has leased a nearly 155,000-square-foot industrial building in Secaucus, where it will store and prepare new vehicles before placing them on lots around the region.

Industrial
Bridge sells Union industrial site, its first in N.J., for $46.5M

Bridge Development Partners LLC has sold its newly developed industrial building in Union for $46.5 million, reaping the success of its first project in New Jersey after entering the market in 2014.

Office
Burlington County flex building changes hands, WCRE says

A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.

Industrial
Prologis inks nearly 870K sq. ft. to logistics, retail firms

Industrial real estate giant Prologis has inked two new deals in New Jersey totaling nearly 870,000 square feet, with CBRE Group Inc. serving as its broker in the recent transactions.

Industrial
Bussel brokers 10,000 sq. ft. lease in South Plainfield

A communications firm has leased a 10,000-square-foot industrial building in South Plainfield, Bussel Realty Corp. announced Wednesday.

Government & Public Policy
Supplement maker offered $30M tax credit to open new Paterson facility

A maker of nutritional supplements is weighing a move from West Caldwell to Paterson, where state officials say it would build a nearly 80,000-square-foot facility for assembly and packing.