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.

People
Legacy Real Estate Developers taps Feldman as president

Legacy Real Estate Developers has named Peter Feldman as its president, filling the role with a trusted executive from the affiliated Saddleback Real Estate Developers.

Industrial
CBRE Investment Management buys new 236,000 sq. ft. logistics park in Somerset

A developer has sold a new two-building, 236,000-square-foot industrial campus in the Somerset section of Franklin, in a newly announced deal by CBRE.

Deals
Family sells 27-acre development site in Manalapan for $4.5 million, Kislak says

The longtime owners of a 27-acre development parcel in Manalapan have sold the property for $4.5 million, a brokerage team with The Kislak Co. Inc. announced this week.

Professional Services
Seasoned brokers Capetta, Corpuel join Lee & Associates – WBE

Lee & Associates has expanded its industrial brokerage team in New Jersey with the additions of Gary Capetta as managing partner and Matthew Corpuel as partner.

Industrial
NAI Mertz: Faropoint adds 60,000 sq. ft. flex industrial building for second Bucks County deal

Faropoint has acquired a 60,000-square-foot flex industrial building in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Industrial
NAIDB: Floor coating distributor buys Union Twp industrial building for $6 million

A floor coating distributor has acquired a 24,000-square-foot industrial building in Union Township for $6 million, in a newly announced deal by NAI DiLeo-Bram & Co.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.

People
Saxum promotes Shah, key player in cold storage platform, to vice president of acquisitions

Saxum Real Estate has promoted Sunny Shah to vice president of acquisitions, touting his role in the Summit-based firm’s growing cold storage division.

Industrial
NAI Hanson’s Perkins, Todd win SIOR award for $156 million industrial outdoor storage deal

Two top brokers at NAI James E. Hanson have earned national honors for their role in the more than $156 million sale of a large industrial outdoor storage portfolio in Hudson County.

Industrial
Bain Capital, OSC close $208 million deal for 784,000 sq. ft. North Jersey industrial portfolio

Bain Capital and Oliver Street Capital have acquired an 11-building, 784,000-square-foot industrial portfolio in northern New Jersey for $208 million, the firms announced Thursday.