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.

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.

Finance & Capital Markets
Financing aids conversion of Totowa commercial building

HFF has arranged $12.2 million in construction financing for developers to reposition a light industrial building into a 1,246-unit self-storage facility in Totowa, the firm announced.

Industrial
Avison Young picked to handle Bridgewater warehouse sale

Brokers with Avison Young have been hired to market a 46,396-square-foot industrial facility in Bridgewater, the firm said Tuesday.

Industrial
Outdoor tools firm leases Terreno building in Meadowlands

Terreno Realty Corp. has leased 85,000 square feet of industrial space in East Rutherford to a designer, developer and distributor of outdoor tools, the landlord said Monday.

Industrial
NAI Hanson brokers two sales in Westwood

Two commercial buildings in Westwood have traded hands following sales brokered by NAI James E. Hanson, the real estate firm said Tuesday.

Finance & Capital Markets
HFF: Investor to acquire, upgrade Linden industrial building

HFF has arranged $7 million in acquisition financing for a real estate investment firm to acquire a fully leased 115,913-square-foot industrial building in Linden, the brokerage said Thursday.

Office
Massive Kearny redevelopment site welcomes co-working space, restaurant

A sleek co-working space and new restaurant have opened in Kearny, where a company is pushing ahead with a plan to redevelop a historic, 2 million-square-foot former shipyard.

Industrial
Bussel: Linden warehouse fully leased after recent deal

A tenant that is relocating from Brooklyn will bring a 150,000-square-foot warehouse in Linden to full occupancy, following a deal brokered by Bussel Realty Corp.

Retail
CBRE team brokers nearly $5M in sales

A retail property in Totowa is among four properties that traded recently in a string of transactions brokered by CBRE Group.

Finance & Capital Markets
Brokerage team closes $30M in deals since Labor Day

Two New Jersey-based brokers with Marcus & Millichap have kept busy in recent months, executing deals with a total value of more than $30 million threshold since Labor Day.