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
Teterboro warehouse sold to California investment firm

An out-of-state investment firm has acquired a 132,000-square-foot industrial building in Teterboro, in a deal brokered by Chaus Realty and Coldwell Banker Residential.

Industrial
Team Resources touts industrial deals with logistics firm, toy maker

A freight forwarding company has leased 38,000 square feet in Saddle Brook, one of three recent industrial deals brokered by Team Resources Inc.

Industrial
NAI Hanson: Kosher caterer buys 5,800 sq. ft. Hackensack building

A kosher catering business is expanding into a 5,800-square-foot industrial building in Hackensack, following a sale arranged by a broker with NAI James E. Hanson.

Industrial
Study shows port’s outsized impact on tax revenue, industrial market

The port industry of New York and New Jersey, one of the key drivers of the Garden State’s booming industrial real estate sector, accounted for nearly $8.5 billion in tax revenue last year.

Industrial
Saddleback touts 8,200 sq. ft. industrial lease in Edison

Saddleback Real Estate Developers has inked an 8,200-square-foot industrial lease at a building in the Raritan Center section of Edison.

Professional Services
WCD: New and improved cost cap insurance could spur additional environmental cleanups

A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.

Policy Page
It’s time to push the reset button on New Jersey’s ‘municipal madness’

Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.

Professional Services
Babineau joins Rutgers real estate center executive committee

One of the state’s top real estate attorneys has joined the executive committee at The Center for Real Estate at Rutgers Business School.

Finance & Capital Markets
HFF brokers $10 million in loans for South Jersey industrial trades

Investors have acquired three industrial buildings in Burlington County, thanks in part to nearly $10 million in financing secured by brokers with HFF.

Sponsored Content
Trend Watch Oct. 23: Industrial rent growth continues, for certain areas it really continues

Northern and Central New Jersey have seen industrial asking rent growth of 11.5 percent year-over-year. The Exit 10 submarket increased 17.8 percent year-over-year, driven by an increase of Class A space with asking rents as high as $9.25 per square foot.