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.

People
Transwestern names new operations director in New Jersey

Transwestern has hired a real estate industry veteran as its new director of operations in New Jersey, the brokerage and service firm announced.

Industrial
Burlington warehouse sold for $2.7 million, Colliers says

A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.

Industrial
Piscataway site sold for $57 million, setting up 2.4 million sq. ft. industrial development

A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.

Industrial
Sitex acquires warehouses in Bergen, Essex counties

Sitex Group, an industrial real estate investor, has added to its portfolio in northern New Jersey with the acquisition of warehouses in Englewood and West Caldwell.

Industrial
Developer begins second building at massive Kearny Point project

Developer Hugo Neu has kicked off the next piece of its plan to redevelop a former shipbuilding yard in Kearny, starting on the redevelopment of a 200,000-square-foot light industrial building.

Industrial
Wig, hair products distributor moving to Carlstadt from South Carolina

A distributor of high-end wigs and other hair pieces will relocate to the Meadowlands from South Carolina after leasing 11,300 square feet in Carlstadt, the building owner said Monday.

Industrial
Landmark deli set to open Meadowlands fulfillment hub for e-commerce

A famous New York City delicatessen has leased nearly 30,000 square feet of industrial space in Carlstadt, which it will use in part to support its new online delivery business.

Industrial
After 25 years, investor gains full ownership of Bergen County property

A real estate investor and developer has completed its 25-year quest for full ownership of a 78,000-square-foot warehouse and retail property in Saddle Brook.

Finance & Capital Markets
Investors Bank expanding CRE lending platform

After riding the state’s multifamily boom to help build its commercial real estate lending platform, Investors Bank remains committed to the apartment sector. But it’s also making sure to diversify as it continues to expand its lending business.