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.

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.

Industrial
Hampshire sells six-building industrial portfolio for $147 million

The Hampshire Cos. has sold a six-building, 1.2 million-square-foot industrial portfolio in New Jersey for nearly $147 million, in a deal brokered by HFF that represents one of the largest in recent years for the state’s warehouse and distribution market.

Government & Public Policy
It’s time to address a critical need: Infrastructure investment

Maintaining a healthy level of connectivity is critical. This is why we need to continuously invest in our infrastructure to keep things like our economy and lives moving. People, goods, cars, trucks, trains, data, energy, drinking water and sewerage need to get places in a timely way. Where and how we live, work and play are influenced by access to these places.

Professional Services
Sales, marketing veteran joins Newmark Associates

Newmark Associates has added to its brokerage team with the hiring of a longtime sales and marketing executive.