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
New 120,000 sq. ft. warehouse opens next to Teterboro Airport, PREMIER Design + Build says

LBA Logistics has delivered nearly 120,000 square feet of new high-end industrial space in Teterboro as part of a project constructed by PREMIER Design + Build Group.

Industrial
BRC: Industrial maintenance, supply firm buys 3,100 sq. ft. building in Edison

An industrial maintenance and supply business has acquired a nearly 3,100-square-foot commercial building in Edison, according to a brokerage team with Bussel Realty Corp.

Industrial
Terreno, 3PL firm sign 75,000 sq. ft. industrial lease in Elizabeth

Terreno Realty Corp. has landed a new tenant for a nearly 75,000-square-foot industrial space in Elizabeth, in a deal arranged by The Blau & Berg Co. and JLL.

Industrial
New supply still outpacing demand for New Jersey industrial space, NAI Hanson says

The northern New Jersey industrial market saw another quarter of rising vacancy despite strong demand, as new construction deliveries continued to outrun leasing volume.

Industrial
Sitex Group touts 350,000 sq. ft. in Q3 leasing volume, its most ever for a single quarter

Sitex Group is marking its largest quarterly leasing total in its 23-year history, touting a stretch in which it secured tenants for nearly 350,000 square feet of industrial space.

Industrial
Woodmont signs full-building, 30,000 sq. ft. lease at new-look Lyndhurst warehouse

Woodmont Industrial Partners has secured a tenant for more than 30,000 square feet at a newly updated industrial property in the Meadowlands.

Industrial
Longpoint fund buys 30,000 sq. ft. Fairfield warehouse from Sitex

A fund operated by Longpoint Partners has acquired a more than 30,000-square-foot industrial building in Fairfield, the Boston-based firm announced last week.

Industrial
Construction firm takes 7,500 sq. ft. in Roselle industrial deal, BRC says

A general contractor has leased 7,500 square feet at a Roselle industrial building, in a newly announced deal by Bussel Realty Corp.

Finance & Capital Markets
Wilcox: Lakhani, Saxum ink $19.2 million refi of Pennsylvania warehouse portfolio

A joint venture has secured $19.15 million to refinance some 221,000 square feet of industrial space in northeast Pennsylvania, according to a debt placement team with G.S. Wilcox & Co.

Industrial
Silver Edge: Buyer adds 20,000 sq. ft. Englewood warehouse in $5.3 million deal

The longtime owner of a 20,000-square-foot warehouse in Englewood has sold the property, securing more than $5.3 million in a deal with a private buyer.