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
Bineth expands self-storage portfolio with projects in Elizabeth, Pennsauken and Buffalo

Developer Chananya Bineth and his teams at Bineth Group and Upper Space Group have added two new self-storage facilities in New Jersey and another in Buffalo, New York.

Industrial
CBRE: Dover industrial user unveils facility, sells adjacent development site for $6.9 million

A distributor of metal tubes and pipes has sold a development site in Dover after completing its new headquarters facility on adjacent land, brokers with CBRE announced this week.

Industrial
Fire protection firm sells South Plainfield industrial portfolio for $4 million, NAIDB says

A private investor has expanded its holdings in South Plainfield, adding more than 12,000 square feet of industrial space in a portfolio sale arranged by NAI DiLeo-Bram & Co.

Technology
AI startup Osmo unveils Elizabeth manufacturing space, headquarters for pioneering ‘digital scent design’ technology

A startup has opened its new headquarters and production site in Elizabeth, where it will hone a technology that uses artificial intelligence to create and detect smells.

Finance & Capital Markets
Owner of 500,000 sq. ft. Middlesex industrial building lands $50 million B-note, Wilcox says

A big-box warehouse owner in Middlesex County has secured a $50 million loan for the property, in a newly announced deal by G.S. Wilcox & Co.

Top News
Partnership (and friendship) in focus as NAIOP New Jersey honors industry leaders, deals of the year at annual gala

NAIOP New Jersey welcomed another sold-out crowd to The Palace at Somerset Park, honoring the industry’s top talent as part of its 39th annual Commercial Real Estate Awards Gala.

Industrial
BRC: Adler inks 6,300 sq. ft. lease in South Plainfield with specialty foods importer, distributor

An importer of specialty food products has leased nearly 6,300 square feet of industrial space in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Industrial
LEG leases 44,000 sq. ft. in Rockland to national fire protection products maker, distributor

Lincoln Equities Group has filled 44,000 square feet of new industrial space in New York’s Rockland County, securing a lease with a national fire protection company.

Featured
Advance launches Bridgewater innovation campus with up to 1.1 million sq. ft. of ‘purpose-built’ R&D, advanced manufacturing space

Advance Realty Investors has unveiled plans to build up to 1.1 million square feet of new life science and advanced manufacturing space in Bridgewater, part of a campus that will have shared amenities to create what it’s touting as a cohesive, end-to-end ecosystem.

Industrial
CenterPoint sells 4.3-acre industrial service facility in Avenel to Jadian IOS, CBRE says

CenterPoint Properties has sold a 4.34‑acre industrial service property in the Avenel section of Woodbridge, brokers with CBRE announced Monday.