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.

Silverman affiliate, US Pharma Lab ink 163,000 sq. ft. lease for new North Brunswick facility

The Silverman Group has landed a tenant for a major redevelopment project in North Brunswick, where it’s building nearly 163,000 square feet of manufacturing and distribution space for a dietary supplements company.

Transition time

I’ve come to learn that stories in our People on the Move section are among our most popular online and in print. I understand why — relationships in commercial real estate go back years or decades in many cases, meaning there’s no shortage of interest when a friend or business partner earns a promotion or a position at a new firm. That’s especially true when it comes to developers and owners, as I was reminded earlier this year when we covered two major moves by Accordia.

Federal Business Centers, 3PL firm ink 158,000 sq. ft. lease in Edison’s Raritan Center

Federal Business Centers has leased more than 158,000 square feet of industrial space in Edison to a third-party logistics firm, brokers with Bussel Realty Corp. announced Monday.

Developers ink $7 million permanent loan for new 41,000 sq. ft. warehouse in Randolph

A joint venture has landed $7 million in permanent financing for nearly 41,000 square feet of newly built warehouse space in Randolph, brokers with JLL announced Thursday.

Deugen: Construction underway for new U-Haul storage, truck rental complex in Saddle Brook

Deugen Design Build has broken ground in Saddle Brook on a new 125,000-square-foot self-storage and truck rental facility for U-Haul International.

Binswanger: Eagle Cliff adds to holdings with 305,000 sq. ft. Philadelphia industrial deal

Eagle Cliff Real Estate Partners has acquired a 305,000-square-foot distribution center in Northeast Philadelphia, brokers with Binswanger announced recently.

Bridge Logistics, HVAC manufacturer sign 24,000 sq. ft. industrial lease in Teterboro

Bridge Logistics Properties has leased up a Meadowlands industrial building with a new commitment by an HVAC manufacturing company.

Ambient Capital taps Blau & Berg to lease 650,000 sq. ft. industrial complex in Harrison

The new owner of some 650,000 square feet of industrial space in Harrison and Kearny has picked The Blau & Berg Co. as its leasing team for the complex.

BLP lands $10.3 million construction loan for 76,000 sq. ft. warehouse project in Somerset

Bridge Logistics Properties has secured some $10.3 million in construction financing for more than 76,000 square feet of new industrial space in the Somerset section of Franklin.

NAIOP New Jersey unveils 2024 President’s Awards honorees, plans new format

NAIOP New Jersey will honor its volunteer leaders and other key contributors next month as the commercial real estate group hosts its annual President’s Awards and Hall of Fame Reception.