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
Brookfield fund acquires Somerset site, eyes 176,000 sq. ft. industrial project, CBRE says

An investment fund has acquired more than 15 acres in the Somerset section of Franklin, where it plans to break ground next year on a new 176,000-square-foot industrial building.

Industrial
Supplement maker takes 20,000 sq. ft. at East Hanover flex industrial building

A maker of dietary supplements has leased 20,000 square feet at a flex industrial building in Morris County, according to a brokerage team with Newmark Associates.

Industrial
Arts, crafts supplier takes 5,200 sq. ft. at Tinton Falls park, Sheldon Gross says

An arts and crafts supplier has leased 5,200 square feet of industrial space in Tinton Falls, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Sudler adding to Florida industrial portfolio with acquisitions, new construction

The Sudler Cos. has expanded its out-of-state portfolio with the acquisition of two warehouse properties along Florida’s Gulf Coast.

Industrial
Chilmark inks sale of 65,000 sq. ft. Boonton warehouse

A warehouse property in Morris County has changed hands for more than $8 million, in a newly announced transaction by Chilmark Real Estate Services.

Residential & Mixed Use
Petrucci touts start of 172-unit rental project in East Orange amid continued pipeline growth

J.G. Petrucci Co. Inc. has kicked off a project that will bring 172 apartments to East Orange, seeking to tap into a location just north of Interstate 280 and a commuter train station.

Industrial
BRC inks sale of 69,000 sq. ft. industrial building in New Brunswick

A private partnership has sold a nearly 70,000-square-foot industrial building in New Brunswick, in a newly announced transaction by Bussel Realty Corp.

Events
NAIOP New Jersey unveils deal of the year finalists for industrial, office projects

NAIOP New Jersey has announced seven finalists for its coveted Deal of the Year honors, with plans to unveil the winners at its annual awards gala slated for early October.

Industrial
North Jersey leading nation in rent growth for industrial space, CBRE finds

Northern New Jersey is leading the nation in rent growth for industrial and logistics properties, according to CBRE, as the market remains undersupplied with tenant demand still soaring.

Industrial
Fiber glass pool maker acquires 70,000 sq. ft. industrial building in Millville

A pool manufacturer has acquired the site of a 70,000-square-foot industrial building in Millville, under a newly announced transaction by Vantage Commercial.