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.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Industrial
Trucking firm expands to 159,000 sq. ft. at Seagis-owned warehouse in Metuchen, BRC says

A trucking company has expanded to nearly 159,000 square feet at an industrial property in Metuchen, Bussel Realty Corp. announced in a news release Monday.

People
Sitex Group promotes Kaplan to senior vice president

Sitex Group has promoted Jackson Kaplan to senior vice president, citing his role in its investment activities and in growing its portfolio outside New Jersey.

Industrial
CRG, PCCP to develop 576,000 sq. ft. industrial park near Phillipsburg

A joint venture has unveiled plans for nearly 576,000 square feet of new industrial space in Warren County as part of a two-building project near Interstate 78.

Community
Pillar Care, nonprofit with strong ties to New Jersey real estate sector, set to honor Elberon’s Gibbons at upcoming fundraiser

Elberon Development Group’s Dave Gibbons will take center stage next week as the honoree for Pillar Care Continuum’s largest annual fundraiser, continuing the commercial real estate industry’s longtime support of the nonprofit serving those with disabilities and special needs.

People
Larken promotes Eickmeyer to chief investment officer

Larken Associates has promoted David Eickmeyer to chief investment officer, touting his role in supporting the firm’s growing portfolio of commercial and multifamily properties.

Industrial
Vantage Commercial: Refrigeration gasket manufacturer takes 15,000 sq. ft. in Pennsauken

A maker of commercial refrigeration gaskets has leased more than 15,000 square feet of industrial space in Pennsauken, brokers with Vantage Commercial announced Thursday.

Industrial
Organic foods company expands in Moonachie, buys 71,000 sq. ft. warehouse for $21 million

A natural and organic food distributor has purchased a nearly 71,000-square-foot industrial building in Moonachie, its second acquisition in the borough in some five months.

Industrial
Linden Logistics Center scores LEED designation for five buildings, Greek says

The developers of the seven-building, 4.1 million-square-foot Linden Logistics Center are getting high marks for the project’s focus on sustainability and energy efficiency.

Industrial
Profeta, Sherwin-Williams ink 685,000 sq. ft. lease to expand key Central Florida facility

An affiliate of Paul V. Profeta & Associates Inc. has leased more than 685,000 square feet to Sherwin-Williams Co. for an expanded facility in the Central Florida city of Winter Haven.