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.

Events
NAIOP New Jersey honors past, present and future leaders as annual President’s Awards draws packed crowd to Newark’s Gateway Center

Commercial real estate leaders flocked to downtown Newark on Monday for one of NAIOP New Jersey’s signature events, as the association honored a slate of highly regarded members and others that have helped support the industry in the Garden State.

Industrial
BRC: Meiya Capital expands in New Jersey with 87,000 sq. ft. sublease in Edison

A logistics firm has subleased more than 87,000 square feet of industrial space in Edison, brokers with Bussel Realty Corp. announced Monday.

Industrial
Weiss Realty taps JLL as leasing team for 488,000 sq. ft. Illinois warehouse

Moonachie-based Weiss Realty is seeking a new tenant for a warehouse in Illinois, naming a Chicago-based team with JLL as its leasing agent for the 488,000-square-foot property.

Industrial
Altman-led group buys defunct office site in Parsippany, plans 140,000 sq. ft. warehouse

A joint venture is planning some 140,000 square feet of new logistics space in Parsippany after acquiring an aging office building just south of Interstate 80.

People
Denholtz adds Paschal, Kostakis in key acquisitions and development roles

Denholtz Properties has deepened its bench with the addition of Paul Paschal as director of acquisitions for the Mid-Atlantic and Southeast and Kyle Kostakis as development manager.

Industrial
Cannabis cultivator takes 48,000 sq. ft. for new facility in Atlantic County, Chilmark says

A new cannabis cultivation facility is coming to Atlantic County as part of a recent lease arranged by Chilmark Real Estate Services LLC.

Industrial
Goodman delivers new 100,000 sq. ft. warehouse in Carlstadt

Goodman North America has completed a new 100,000-square-foot warehouse development in the heart of the Meadowlands, marking a new addition to its northern New Jersey portfolio.

Industrial
Delivery startup Veho takes 149,000 sq. ft. at new Bridge Industrial campus in Philadelphia

Bridge Industrial has found its first tenant for a two-building campus in Philadelphia, leasing nearly 149,000 square feet to the ecommerce logistics firm Veho.

Industrial
Silverman affiliate, US Pharma Lab ink 163,000 sq. ft. lease for new North Brunswick facility

The Silverman Group has landed a tenant for a major redevelopment project in North Brunswick, where it’s building nearly 163,000 square feet of manufacturing and distribution space for a dietary supplements company.

Editor’s Note
Transition time

I’ve come to learn that stories in our People on the Move section are among our most popular online and in print. I understand why — relationships in commercial real estate go back years or decades in many cases, meaning there’s no shortage of interest when a friend or business partner earns a promotion or a position at a new firm. That’s especially true when it comes to developers and owners, as I was reminded earlier this year when we covered two major moves by Accordia.