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
New LG distribution center shows growing strength of Exit 8 industrial market

A developer has opened the doors to a new 410,300-square-foot industrial building in East Windsor that will serve as a distribution center and warehouse for LG Electronics USA.

Industrial
Tulfra celebrates Oktoberfest while unveiling flex building in West Caldwell (SLIDESHOW)

Tulfra Real Estate has completed a major renovation a 108,000-square-foot flex building in West Caldwell — taking a rather seasonal approach recently when it unveiled the space to brokers.

Industrial
CPN: Auction house buys 16,000 sq. ft. Hunterdon County building

An auction house is expanding its footprint with the acquisition of a 16,000-square-foot building in Lambertville, according to the brokerage firm Commercial Property Network.

Professional Services
Engineering firm looks to drone technology to propel its business forward

Kipcon Engineering has worked to expand and modernize its practice with the use of drones, using the technology for everything from surveying and road repairs to moisture testing and building inspections — providing a new frontier for engineering and construction professionals.

Industrial
CBRE: Rent growth shows no signs of slowing in N.J. industrial sector

Average asking rents across the state’s booming industrial market have eclipsed $6.50 per square foot, continuing a steady climb that is now five years and counting.

People
Atlantic Real Estate broker promoted to VP

Atlantic Real Estate Services has promoted one of its brokers to vice president, following his completion of more than 1 million square feet of deals over the past year.

Industrial
Bridge details blockbuster industrial sale to Duke Realty

Bridge Development Partners has reaped more than $500 million from the sale of a 3.4 million-square-foot industrial portfolio, including more than 2 million square of space in New Jersey.

Industrial
Zimmel touts more than 63,000 sq. ft. in northern, central N.J. deals

A global logistics and shipping company has leased a 20,000-square-foot warehouse in Carteret, in one of six recent transactions announced this week by Zimmel Associates.

Event Coverage
NAIOP honors leaders in advocacy, industry service at annual awards dinner

On the eve of Election Day, the state’s top commercial real estate association took a night to highlight some of it recent legislative triumphs — and the members behind those victories.

Sponsored Content
Trend Watch Nov. 6: E-commerce drives surge in distribution-related job posts and wages

The proliferation of e-commerce and its labor-intensive fulfillment centers contributed to a 97.0 percent compounded annual growth rate in the number of job postings for distribution-related jobs since 2011.