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
PREMIER completes Brookfield warehouse in South Plainfield, breaks ground in Union

Brookfield Properties is expanding its holdings in New Jersey’s industrial market with a newly delivered project and another now underway, both by PREMIER Design + Build Group.

Industrial
SL Industrial adds 165,000 sq. ft. industrial building to complete Randolph business park

SL Industrial Partners has acquired a 165,000-square-foot industrial property in Randolph, giving it full ownership of a six-building complex totaling more than 900,000 square feet.

Industrial
Faropoint, Deugen eye groundbreaking for 195,000 sq. ft. warehouse project in New Brunswick

Faropoint and Deugen Development are set to begin construction on a project that will bring more than 195,000 square feet of new warehouse space to a key corridor in New Brunswick.

Industrial
Faropoint eyes 74,000 sq. ft. warehouse project at newly acquired site in Cumberland County

Faropoint has acquired more than nine acres in Cumberland County where it plans to develop some 74,000 square feet of high-end warehouse space, the Hoboken-based firm announced.

Technology
Solar Landscape eyes next wave of growth after raising $847 million in debt, investment in 2024

Solar Landscape is planning a massive expansion of what is already the nation’s largest pipeline of rooftop solar projects for commercial buildings, having secured $847 million in project investment and financing in 2024.

Industrial
BRC inks new industrial leases in New Brunswick, Somerset totaling 42,000 sq. ft.

A specialty metals and fiberglass supplier has taken nearly 32,000 square feet of industrial space in New Brunswick, in one of two newly announced deals by Bussel Realty Corp.

Professional Services
PREMIER’s Hoermann retires as senior vice president, director of construction in Northeast

PREMIER Design + Build Group has announced the retirement of Karl Hoermann, its senior vice president and director of construction for the Northeast division.

Finance & Capital Markets
JLL: Nuveen closes $115 million refi for New Jersey, New York self-storage portfolio

Nuveen Real Estate has provided a $115 million loan to refinance a portfolio of nine self-storage facilities across the tristate region, brokers with JLL announced Friday.

Finance & Capital Markets
JLL: BLP inks $10.3 million construction loan for 76,000 sq. ft. Somerset warehouse project

Bridge Logistics Properties has obtained $10.3 million in construction financing for more than 76,000 square feet of new speculative warehouse space in the Somerset section of Franklin.

Industrial
Velocity taps Redican as CFO, Mortimer as senior vice president for asset management

Velocity Venture Partners has appointed William Redican as chief financial officer and Michael Mortimer as senior vice president for asset management, the company announced.