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.

Community
Sanzari Family Foundation awards 13 new grants totaling $50,000

The Alfred N. Sanzari Family Foundation has announced a combined $50,000 in grants under its latest round of funding for nonprofits in northern New Jersey.

Industrial
Manufacturer relocates, expands at Larken’s Hillsborough Business Center

A tenant at Larken Associates’ sprawling industrial park in Hillsborough is expanding once again after signing a new lease for nearly 1,100 square feet.

Industrial
Investor eyes 586,000 sq. ft. warehouse project after buying Salem County parcels

An investment group has purchased a 48-acre development site in Salem County, seeking to expand its holdings and capitalize on growing industrial rents in the region.

Industrial
Petrucci: New Lehigh Valley flex park is fully leased after deal with pharma distributor

J.G Petrucci Co. Inc. has signed a new 40,000-square-foot lease in the Lehigh Valley, bringing a three-building industrial park to full occupancy after a phased buildout starting in 2019.

Industrial
Penwood fund buys 97,000 sq. ft. Meadowlands industrial building for $31 million

Penwood Real Estate Investment Management has expanded its footprint in the Meadowlands, where a fund operated by the firm has acquired a nearly 97,000-square-foot industrial building.

Professional Services
Avison Young taps Stone as New Jersey market leader, with Heller set to focus on brokerage

Avison Young has named a new leader of its New Jersey team, eyeing continued growth in the region after launching its first office here more than a decade ago.

Industrial
Donnelly completes walls, steel for new 26,000 sq. ft. Wayne industrial project

Donnelly Construction has erected walls and steel for a nearly 26,000-square-foot warehouse in Wayne that’s on track to open by this spring, the firm announced Tuesday.

Industrial
Home Depot takes 1.3 million sq. ft. in Monroe, amid measured outlook for N.J. industrial space

Home Depot has leased nearly 1.3 million square feet of newly built industrial space in Monroe, in a sign of continued market demand despite a shrinking appetite by e-commerce users.

Industrial
BRC inks sale of 8,000 sq. ft. Somerset industrial building

A local owner has sold an 8,000-square-foot industrial building in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Industrial
Peak Construction names new chief operations officer

Peak Construction Corp. has hired a longtime industry executive as its chief operations officer.