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
Hartz preleases 109,000 sq. ft. Cranford warehouse, eyes 132,000 sq. ft. second phase

Hartz Mountain Industries has leased more than 109,000 square feet of new industrial space in Cranford, securing deals with an HVAC wholesale distributor and a third-party logistics firm.

Industrial
MCB adds new 368,000 sq. ft. warehouse in Howell in $70 million deal

MCB Real Estate has purchased a newly built, 368,000-square-foot industrial building in Howell for nearly $70 million, the investment management firm announced Tuesday.

Industrial
NAI Hanson: Admiral Metals leases 12,000 sq. ft. in Sparta industrial flex deal

A metals processor and distributor has taken more than 12,000 square feet of industrial flex space in Sussex County, in a newly announced deal by NAI James E. Hanson.

Industrial
Woodmont, Butters break ground on 84,000 sq. ft. warehouse in latest South Florida project

Woodmont Industrial Partners has broken ground on an 84,000-square-foot facility in South Florida, its latest joint venture in the region with Butters Construction & Development.

Finance & Capital Markets
Nuveen closes $28 million loan for 215,000 sq. ft. North Bergen industrial asset, JLL says

Nuveen Real Estate has provided $28 million in permanent financing to the owner of a 215,000-square-foot industrial building in North Bergen, brokers with JLL announced.

Finance & Capital Markets
CRG inks $9 million financing deal for 161,000 sq. ft. Mount Olive warehouse, JLL says

Commercial Realty Group has closed on $9 million in permanent financing for a nearly 161,000-square-foot warehouse in the Flanders section of Mount Olive, in a deal arranged by JLL.

Industrial
TFE-owned self-storage building in Howell transitions to CubeSmart

CubeSmart has taken over management of a 78,000-square-foot self-storage facility in Howell, part of a mixed-use portfolio owned by TFE Properties for more than 25 years.

Industrial
Iron Hill debuts 1 million sq. ft. warehouse for Burlington in Logan Township

Burlington, the off-price retailer, is up and running inside more than 1 million square feet of industrial space in Logan Township after a fit-out by Iron Hill Construction Management.

Government & Public Policy
BPU, developers eye continued growth of rooftop solar with new $156 million EPA grant

New Jersey’s solar industry is getting a $156 million infusion of federal funds, as state officials continue their focus on projects that will help low-income and disadvantaged communities.

Industrial
Dermody unveils 429,000 sq. ft. Burlington County warehouse, taps Newmark as leasing team

Dermody Properties is debuting its latest New Jersey industrial project, unveiling nearly 430,000 square feet in Burlington County that it’s now marketing alongside brokers with Newmark.