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
Monmouth REIT buys FedEx Ground center for $35M

A real estate investment trust based in Freehold has turned to the Buffalo, New York area to acquire a FedEx distribution center, paying $35.1 million for the industrial asset.

Finance & Capital Markets
Wilcox brokers financing for South Jersey flex property

G.S. Wilcox & Co. has arranged a $7 million loan for a six-building, 240,000-square-foot industrial flex park in Gloucester County, the commercial mortgage banking firm said.

People
Bergman hires CRE industry veteran in asset management role

David Iacobucci has joined Bergman Real Estate Group as a senior investment manager, the real estate investment and management firm announced Monday.

Industrial
Logistics firm leases 42K sq. ft. in South Brunswick

A logistics firm has a new home at a South Brunswick industrial building after a lease arranged by Bussel Realty Corp., the real estate services firm said Monday.

Industrial
NAI DiLeo-Bram & Co. brokers industrial sales totaling $14M

A pair of Central Jersey commercial buildings have changed hands after transactions brokered by NAI DiLeo-Bram & Co., the firm announced.

Industrial
Matrix looks to Staten Island as its next frontier

Matrix Development Group is crossing the Arthur Kill for its latest industrial project, breaking ground on its first two buildings in a planned logistics park in Staten Island.

Industrial
Calif. firm expands eastward to Secaucus, NAI Hanson says

A Secaucus warehouse will be the new home of a firm that provides rental furniture and other products to the event industry, as part of its expansion from the West Coast.

Industrial
NGKF: Middlesex, 8A continue to shine in N.J. warehouse sector

Middlesex County continues to be the epicenter of industrial leasing in northern and central New Jersey, thanks largely to its size and an ability to meet the demand for newly developed, state-of-the-art distribution space along the New Jersey Turnpike.

Industrial
New 207K sq. ft. industrial complex rising in Carteret

Bridge Development Partners is building a new 206,500-square-foot distribution center project in Carteret, a property that will bring new life to a 10-acre former brownfield site just off the New Jersey Turnpike.
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Industrial
Sizing up e-commerce and its role in N.J.’s industrial sector

A series of high-profile deals, along with research by a top real estate services firm, shows that the demand from e-commerce users is overwhelming in the Garden State. And it shows no signs of abating, as online retail businesses and on-demand food services only continue to grow.