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
NAI Hanson brokers lease for stone maker in Essex County

A stone fabricator is relocating to a flex building in Fairfield, following a 33,000-square-foot deal brokered by NAI James E. Hanson.

Finance & Capital Markets
Wilcox closes $16M loan for Hartz acquisition

Hartz Mountain Industries has expanded its out-of-state portfolio, acquiring 12 industrial buildings in Atlanta with nearly $16 million in financing arranged by G.S. Wilcox & Co.

Industrial
High-end event space opens at 2M sq. ft. Kearny redevelopment

A project that calls for redeveloping a historic, 2 million-square-foot former shipyard in Kearny has attracted a Manhattan-based operator that will open a high-end event space at the property.

Finance & Capital Markets
Loan will fund spec warehouse in Piscataway, HFF says

A joint venture is planning to build a new industrial building spanning more than 450,000 square feet in Piscataway, with the help of $22 million in financing secured by HFF.

Industrial
Amid supply constraints, developers look down the Turnpike for new opportunities

It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.

Current Issue
After 20 years and three sales, a site finally finds its calling

It was a 27-acre land sale last September that gave way to one of East Windsor’s newest industrial projects, but it wasn’t the first time the property had changed hands.

Office
Garden State of mind: Postell, McDonough reflect on five years since the opening of Transwestern’s N.J. office

Transwestern, which is now marking five years since it officially opened in New Jersey, has since become a player in the state’s office, industrial and retail sectors. It has seen its annual transaction volume double since 2012 — while its property management portfolio has grown during that time to 4 million square feet from 485,000 square feet — with a platform that offers more than just brokerage services.

Contributors
No such thing as ‘business as usual’ for the CRE industry

How developers and local leaders can respond to changes in business, demographics By Michael G. McGuinness Economic, industry and demographic trends are changing the way business is done in New Jersey — and impacting the strategies of investors, developers and…

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.