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
CBRE: Hartz tenant expands in Secaucus

Hartz Mountain Industries has leased more than 200,000 square feet in Secaucus to an audiovisual and media services company, one of three recent deals announced by CBRE Group.

Government & Public Policy
All business: A decade later, Woodbridge mayor still has economic development at the top of his agenda

Since taking office in late 2006, Woodbridge Mayor John McCormac has emerged as one of the most development-friendly and pro-business mayors in all of New Jersey. He and his economic development team can boast a record that includes two new power plants, millions of square feet of warehouse space and dozens of new retailers, banks and eateries that have opened during that time.

Office
Massive Kearny Point redevelopment hub inks partnership with Uber

The developer that is reinventing a 2 million-square-foot former shipyard in Kearny has partnered with Uber as part of its effort to create a 21st-century workplace hub at the site.

Professional Services
With ‘unprecedented’ activity, Bussel expands brokerage team

New Jersey’s booming industrial market has pushed Bussel Realty Corp. to add to its brokerage team with two new hires, the Edison-based real estate services firm said Wednesday.

Industrial
Industrial owner makes two acquisitions in Essex County

A development firm led by two industry veterans has acquired two new warehouse properties just off Route 46 in Fairfield, the company announced Wednesday.

Industrial
Wakefern mulls new 930K sq. ft. warehouse in Central Jersey

Wakefern Food Corp. could be in line to expand its vast footprint in New Jersey, having told state officials that it was considering a massive new warehouse facility in Perth Amboy.

Finance & Capital Markets
Wilcox closes $56M loan for industrial portfolio

G.S. Wilcox & Co. has arranged a $56 million for a client to refinance a six-building industrial portfolio in Bergen and Middlesex counties, the firm announced Monday.

Sponsored Content
JLL: E-commerce impacts New Jersey labor costs

With e-commerce fulfillment increasingly becoming one of the strongest drivers of industrial real estate, the need for warehouse labor has also increased dramatically. This trend, combined with a decreasing unemployment rate, has forced up labor costs for many e-commerce operations.

Industrial
JLL: Essex County flex building sells for $4.15M

A one-story, 35,945-square-foot industrial and flex building in Fairfield has changed hands for $4.15 million, according to brokers with JLL.

Industrial
Marcus & Millichap: Bergen County industrial building sells for $1.6M

A private investor has paid more than $1.6 million to acquire a 23,154-square-foot industrial property in Garfield, Marcus & Millichap said Thursday.