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.

Finance & Capital Markets
Marcus & Millichap brokers $5.6 million loan for industrial sale

Marcus & Millichap has arranged $5.6 million in financing for the trade of a 161,000-square-foot warehouse building in Union County, the firm said Monday.

Industrial
CBRE: Tenant renewals bring ‘sticker shock’ in red-hot N.J. industrial market

Landlords in New Jersey’s industrial market are naming their price when it comes time for tenant renewals, as availability remains at low levels not seen in more than a decade.

Industrial
NAI Hanson brokers 126K sq. ft. sale-leaseback in North Bergen

A company has sold and leased back a North Bergen industrial building that houses its manufacturing and distribution business, in a deal brokered by NAI James E. Hanson.

Industrial
Hampshire sells Bergen County flex industrial building

The Hampshire Cos. has sold an 82,524-square-foot commercial building in Northvale to a firm that will take up occupancy at the property alongside an existing tenant.

Government & Public Policy
Christie: Raised Bayonne Bridge will open to larger ships by June 30 (VIDEO)

Supersized cargo ships will be able to pass under a newly raised Bayonne Bridge in order to reach Port Newark-Elizabeth as soon as June 30, marking a milestone in a $1.6 billion infrastructure project seen as critical to the state’s industrial real estate market.

Industrial
NAI Hanson brokers 23K sq. ft. Fairfield industrial sale

A building that’s home to a food processing equipment manufacturer in Fairfield is under new ownership, following an industrial sale brokered by NAI James E. Hanson.

Professional Services
Mertz earns top NAI Global distinction for third straight year

NAI Mertz President Scott Mertz has been recognized as a top producer within the NAI Global network of commercial real estate professionals, the brokerage and real estate services firm said.

Industrial
CBRE marketing industrial properties in Bergen, Middlesex counties

Brokers with CBRE Group Inc. have been hired to market four separate industrial properties totaling more than 500,000 square feet in northern and central New Jersey.

Industrial
WCRE: Fitness, ninja training coming to Mount Laurel flex building

The operator of an indoor fitness and recreation park will occupy half of a 26,000-square-foot flex building in Mount Laurel, following a lease brokered by Wolf Commercial Real Estate.

Industrial
NAI Hanson: Contractor moving to Morris County after flex acquisition

An HVAC contractor has acquired and will relocate to a 27,248-square-foot industrial flex building in Randolph, under a deal arranged by brokers with NAI James E. Hanson.