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
BRC brokers 300,000 sq. ft. renewal at Exit 12 industrial site

A freight forwarding and supply chain management firm has renewed its nearly 300,000-square-foot lease at a Carteret industrial property, brokers with Bussel Realty Corp. said Monday.

People
Blau & Berg announces new shareholder, EVP

The Blau & Berg Co. has named Alessandro Conte a shareholder and executive vice president with the commercial real estate brokerage firm.

Industrial
Colliers brokers $3.5M flex trade in Gloucester County

An affiliate of U-Haul is the new owner of a three-building flex property in Swedesboro, following a $3.52 million sale arranged by Colliers International Group Inc.

Industrial
Denholtz: Marble company renews flex space in Somerset County

Denholtz Associates has inked a lease renewal with a marble supplier for more than 50,000 square feet at a flex-industrial park in Bridgewater and Bound Brook, the firm announced.

Industrial
JLL picked to lease new Bergen County industrial site

Bridge Development Partners LLC has selected JLL to market and lease a nearly 200,000-square-foot warehouse and distribution facility that it is building in Wood-Ridge.

Finance & Capital Markets
Wilcox touts financing for two N.J. industrial properties

G.S. Wilcox & Co. has secured more than $12 million in financing for developers involved in two recent transactions in Passaic and Somerset counties, the firm announced.

Office
HFF: Mack-Cali selling 1.26M sq. ft. flex portfolio in South Jersey

Mack-Cali Realty Corp. is seeking a buyer for another large piece of its real estate footprint — a group of more than two dozen office and flex buildings in Burlington County.

Government & Public Policy
As expansion cycle winds down, economist still sees upside in real estate market

The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.

Industrial
Colliers: $25M industrial deal includes South Jersey property

A real estate investment trust has acquired a nearly 200,000-square-foot industrial property in Swedesboro as part of a recent two-building deal, two-state deal.

Industrial
Joint venture acquires 50,400 sq. ft. Branchburg warehouse

Two Elizabeth-based developers have partnered once again, this time acquiring a Branchburg industrial building that serves as a FedEx distribution center.