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
Bridge sells Union industrial site, its first in N.J., for $46.5M

Bridge Development Partners LLC has sold its newly developed industrial building in Union for $46.5 million, reaping the success of its first project in New Jersey after entering the market in 2014.

Office
Burlington County flex building changes hands, WCRE says

A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.

Industrial
Prologis inks nearly 870K sq. ft. to logistics, retail firms

Industrial real estate giant Prologis has inked two new deals in New Jersey totaling nearly 870,000 square feet, with CBRE Group Inc. serving as its broker in the recent transactions.

Industrial
Bussel brokers 10,000 sq. ft. lease in South Plainfield

A communications firm has leased a 10,000-square-foot industrial building in South Plainfield, Bussel Realty Corp. announced Wednesday.

Government & Public Policy
Supplement maker offered $30M tax credit to open new Paterson facility

A maker of nutritional supplements is weighing a move from West Caldwell to Paterson, where state officials say it would build a nearly 80,000-square-foot facility for assembly and packing.

Industrial
Avison Young: Ex-oil terminal site primed for industrial space

A well-located, 26-acre site in Perth Amboy that once housed a major oil company’s first terminal has a new owner, following a deal brokered by Avison Young.

Industrial
Garibaldi: Deal will bring new life to Chatham pharma complex

A life sciences company has acquired a 165,000-square-foot biotech complex in Chatham, where it plans to embark on renovations that will convert it to a modern manufacturing facility.

Industrial
Second of three buildings coming to Exit 8A industrial park

Construction is underway on a nearly 190,000-square-foot distribution center in South Brunswick, the second of three phases in a planned industrial complex off New Jersey Turnpike Exit 8A.

Finance & Capital Markets
Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

People
Four young brokers join Colliers N.J. team

Colliers International Group Inc. has added four new professionals to its brokerage teams in Parsippany and Princeton, marking its continued expansion in New Jersey.