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
NAI Hanson: YMCA leases 10,000 sq. ft. for Sussex County’s first standalone pickleball center

A new pickleball center is coming to Sussex County as part of a recently completed industrial flex lease arranged by NAI James E. Hanson.

Industrial
Hamilton flex industrial parcel finds new owners as JLL arranges sale, capitalization

Saxum Real Estate has acquired and secured both equity and financing for a 16-acre flex industrial property in Hamilton, following a series of transactions arranged by JLL.

Professional Services
March Construction promotes Hewitt to project executive

March Construction has promoted Gregory Hewitt to project executive, touting his more than 30 years of expertise in land development and residential and commercial projects.

Industrial
Resource Realty named leasing agent for shovel-ready industrial sites in Orange County

A developer has tapped Resource Realty of Northern New Jersey as its leasing team for two shovel-ready industrial parcels in New York’s Orange County, seeking tenants for facilities totaling more than 486,000 square feet.

Industrial
Zimmel: Recycling firm buys Branchburg facility for $14 million after three years of leasing

A recycling company has acquired a 90,000-square-foot industrial property in Branchburg for nearly $14 million, in a newly announced deal by Zimmel Associates.

Industrial
CenterPoint hires Rosenbaum as senior vice president of investments in east region

CenterPoint Properties has added a key team member in New Jersey and surrounding markets, tapping Roy Rosenbaum as senior vice president of investments for its east region.

Industrial
Connors inks sale of 5,000 sq. ft. Bayonne manufacturing facility

A private buyer has purchased a 5,000-square-foot industrial building in Bayonne, in a newly announced deal by the William F. Connors Agency.

Policy Page
Getting a building permit in New Jersey is about to get easier

The implications of the newly signed New Jersey Design Professional Self-Certification Act are significant. Depending on a project’s size and complexity, some permit approvals can now be made in a matter of days.

Industrial
Faropoint launches $300 million sale-leaseback fund for industrial buildings

Faropoint, the Hoboken-based industrial real estate investment manager, has launched a $300 million fund targeting sale-leaseback deals in the asset class.

Industrial
Silverman affiliate adds 49,000 sq. ft. flex industrial property in Somerset, C&W says

An affiliate of The Silverman Group has acquired a nearly 50,000-square-foot flex-industrial building in the Somerset section of Franklin, brokers with Cushman & Wakefield announced.