A joint venture has broken ground on a three-story, 98,000-square-foot facility that will bring more than 800 self-storage units to Montville.
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.
Investor completes sale-leaseback at 100,000 sq. ft. Fairfield property
An investment firm has acquired a 100,000-square-foot industrial building in Fairfield as part of a sale-leaseback agreement with a manufacturer at the property.
C&W marketing new-look warehouse space in Parsippany
The owner of a newly upgraded, 550,000-square-foot warehouse in Parsippany has tapped Cushman & Wakefield to market the complex to would-be tenants.
New construction in 2020, 2021 unlikely to quench demand for New Jersey industrial stock
Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.
CenterPoint adds 74,000 sq. ft. Jersey City building
CenterPoint Properties has expanded its New Jersey holdings with the acquisition of a nearly 75,000-square-foot industrial building in Jersey City.
Hartz, medical instruments maker ink 72,000 sq. ft. lease in Bloomfield
A medical instruments company has leased more than 70,000 square feet of production space in Bloomfield, under a newly completed transaction by Team Resources Inc.
Sheldon Gross touts leasing activity at Hillsborough business parks
The owner of two Hillsborough business parks has inked 10 leases for combined 43,859 square feet, in a series of transactions by Sheldon Gross Realty.
Meadowlands industrial building fetches $15 million, JLL says
A private equity investor has acquired a nearly 103,000-square-foot industrial building in the Meadowlands for $15 million, under a newly announced transaction by JLL.
Colliers: Renewals surge in tight New Jersey industrial market
The state’s industrial market saw a spike in renewal activity this summer, amid the ongoing lack of new supply and the unrelenting demand from tenants.
Team Resources inks new lease, renewal at Teterboro warehouse
Two tenants have leased a combined 23,000 square feet at a Teterboro industrial building, under a set of newly announced leases by Team Resources Inc.
