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
Logistics firms move past retailers, wholesalers as top driver of big-box industrial leasing

Third-party logistics firms are leading the way among tenants seeking big-box industrial space, accounting for more leasing activity than any other occupier type in New Jersey and nationally.

Industrial
Dermody acquires Somerset parcel slated for 152,000 sq. ft. warehouse project, C&W says

Dermody Properties has purchased a Franklin Township development site with approvals to build nearly 152,000 square feet of new industrial space, according to Cushman & Wakefield.

Industrial
Rockefeller Group building new 147,000 sq. ft. distribution center in Piscataway

Rockefeller Group has kicked off its second industrial project in Piscataway, with plans to build a new 147,000-square-foot distribution center about a mile from Interstate 287.

Industrial
Faropoint inks $28 million sale-leaseback for 114,000 sq. ft. Ridgefield industrial portfolio

Real estate investment firm Faropoint has purchased two industrial buildings in Ridgefield, adding nearly 114,000 square feet in a sale-leaseback deal valued at $28.3 million.

Industrial
Bridge acquires 152,000 sq. ft. Somerset warehouse under new value-add platform

Bridge Industrial has completed its first deal in New Jersey under a recently launched value-add platform, acquiring more than 150,000 square feet of newly built space in Franklin Township.

Industrial
Tire shop leases 18,000 sq. ft. in Elizabeth, BRC says

A tire business has leased more than 18,000 square feet of industrial space in Elizabeth, in a newly announced deal by Bussel Realty Corp.

Industrial
Vantage Commercial: Cheer camp signs five-year, 8,000 sq. ft. lease in Gloucester Twp.

A cheerleading camp has signed a five-year lease at a newly available flex building in Gloucester Township, according to a brokerage team with Vantage Commercial.

Industrial
CBRE: New Jersey industrial leasing ticks up in Q1, even as owners tread lightly

Demand for industrial space remains healthy in New Jersey, even as owners and occupiers take a more cautious approach that could impact new construction in the months ahead.

Government & Public Policy
RPM, Solar Landscape mark Earth Day while showcasing Avenel community solar project

Support for one of New Jersey’s fastest-growing clean energy programs was on display this week, as advocates toured a so-called community solar project at a warehouse in Woodbridge.

Industrial
Hilco inks 845,000 sq. ft. lease in Hamilton, filling second piece of new logistics park

A developer has leased more than 845,000 square feet at a new industrial park in Hamilton, securing a tenant for the final piece of the project near the Trenton border.