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.

Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects

Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.

Altman JV acquires Hamilton tract slated for 171,000 sq. ft. warehouse

Development firm Altman has lined up its second New Jersey project in less than a month, acquiring a parcel in Hamilton that’s slated for nearly 171,000 square feet of new logistics space.

PGIM inks $129 million senior loan to refi 1.2 million sq. ft. Cinnaminson warehouse project

PGIM Real Estate has closed more than $129 million in financing to the developer of a new 1.2 million-square-foot industrial property in Cinnaminson, the company announced Monday.

Tire business takes 6,500 sq. ft. in Roselle industrial deal, BRC says

A tire shop has leased 6,500 square feet at an industrial site in Roselle, brokers with Bussel Realty Corp. announced Monday.

Looking forward

As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Resource Realty: Turf products supplier inks 21,000 sq. ft. renewal in Fairfield

A supplier of turf products has renewed its lease for more than 21,000 square feet of warehouse space in Fairfield, in one of three new deals by Resource Realty of Northern New Jersey.

RealCold joins Russo, Onyx to kick off 380,000 sq. ft. cold storage project in East Hanover

Construction is set to begin for a new 380,000-square-foot cold storage facility in East Hanover, in a project that’s bringing new life to a piece of the iconic Novartis Corp. campus on Route 10.

Wharton plans modern industrial space in Cherry Hill after buying 43,000 sq. ft. call center

Wharton Industrial has acquired a nearly 43,000-square-foot facility in Cherry Hill that it now plans to update and reintroduce as a modernized warehouse space.

IPRG: Specialty foods company sells Paterson cold storage complex for $3.9 million

A private investor has acquired a nearly 26,000-square-foot cold storage and warehouse complex in Paterson for $3.9 million, in a newly announced deal by IPRG.

M&M unveils two-building, 360,000 sq. ft. warehouse project in Piscataway, C&W says

M&M Realty Partners has delivered nearly 360,000 square feet of new industrial space in Piscataway that it’s now marketing alongside brokers with Cushman & Wakefield.