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: Contractor moving to Morris County after flex acquisition

An HVAC contractor has acquired and will relocate to a 27,248-square-foot industrial flex building in Randolph, under a deal arranged by brokers with NAI James E. Hanson.

Industrial
3PL continues growth at Prologis building in South Brunswick

A third-party logistics firm has once again expanded at a South Brunswick industrial park, CBRE said Tuesday after representing the tenant in the 210,600-square-foot lease.

Industrial
Lee & Associates brokers office, industrial deals exceeding $15 million

A two-building industrial complex in Mountainside has changed hands, one of three recent northern New Jersey deals arranged by brokers with Lee & Associates.

Industrial
With new locations, Amazon growing N.J. presence by nearly 3 million sq. ft.

Amazon has formally unveiled plans for three new fulfillment centers in New Jersey, adding to what is already a sprawling footprint across the state’s industrial real estate market.

Industrial
CBRE: New industrial complex rises at site of massive 2016 fire

After being destroyed last year by a high-profile fire, a Somerset County industrial complex is coming back to life as a new 700,000-square-foot distribution facility.

Industrial
Moving and storage business coming to Newark from NYC

NAI James E. Hanson has arranged the sale of a Newark industrial building to a moving and storage business that is relocating to the city from the Bronx.

Industrial
BRC: Brooklyn firm relocating after buying Carteret industrial building

A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.

Industrial
Transwestern: Port activity, rent growth continue for N.J. industrial sector

The swell of cargo volume at the Port of New York and New Jersey has fueled the Garden State’s lowest industrial vacancy in more than 15 years, according to Transwestern, as rents continue to rise and leasing activity continues at a torrid pace.

Deals
Totowa properties are latest industrial acquisitions for Sitex

Sitex Group has acquired two industrial properties totaling 180,000 square feet in Totowa, adding to its portfolio of infill warehouses and distribution centers in North Jersey.

Professional Services
Transwestern, other CRE firms named to ‘Best Places to Work’ list

Transwestern’s New Jersey office announced it has been recognized for the fourth straight year for its work environment and quality of life for employees, one of several real estate-related firms in the state to earn the distinction this year.