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
Sheldon Gross: Business owner buys Hackettstown commercial building for $1.5 million

A local business has acquired a 14,000-square-foot commercial building in Hackettstown for $1.45 million, according to a broker with Sheldon Gross Realty.

Industrial
Tulfra unveils 797-unit Public Storage project in Jersey City

Tulfra Real Estate has taken the wraps off a new 797-unit self-storage facility in Jersey City, marking the first phase of a project at the edge of Liberty State Park.

Industrial
AY: Alcamo fills Lawrence warehouse after 111,000 sq. ft. lease with apparel company

A developer has landed a second tenant to bring nearly 262,000 square feet of new industrial space in Lawrence Township to full occupancy, brokers with Avison Young said Thursday.

Professional Services
RRNNJ marks 35 years of client partnerships, market leadership

Commercial real estate leaders came together last week as Resource Realty of Northern New Jersey celebrated its 35th anniversary and the clients that have helped it reach the milestone.

Industrial
NAI Hanson: Kenilworth industrial outdoor storage property sells for $3.3 million

A private buyer has paid $3.3 million for a nearly 1.3-acre industrial outdoor storage property in Kenilworth, brokers with NAI James E. Hanson announced Monday.

Industrial
LEG unveils two-building, 204,000 sq. ft. warehouse development in Belleville

Lincoln Equities Group has delivered more than 204,000 square feet of new warehouse space in Belleville with the completion of a two-building project off Route 21.

Events
IOREBA event highlights critical role of LOI in real estate transactions

One of the industry’s key legal tools took center stage recently as the Industrial and Office Real Estate Brokers Association hosted its latest networking and educational event.

Industrial
LMC: Walls up at project that will add 54,000 sq. ft. to Piscataway’s Rutgers Industrial Center

The third new ground-up project in as many years is taking shape at a Piscataway industrial park, in a development that will add 54,000 square feet to the complex off Interstate 287.

Industrial
Deugen adds 16-acre industrial outdoor storage property at Exit 8A

Deugen Investment Group has acquired a 16.1-acre, low-coverage industrial outdoor storage property in Cranbury, the firm announced this week.

Featured
Marcus Partners plans 72,000 sq. ft. warehouse after office teardown in Whippany

Marcus Partners’ plans at 35 South Jefferson Road in Whippany call for a new 72,000-square-foot logistics facility with 36-foot clear ceiling heights and a layout that will cater to single- or multitenant use. — Rendering courtesy: Marcus Partners By Joshua…