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
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Industrial
Logistics firm takes 355,000 sq. ft. at new Crow Holdings industrial campus in Carteret

Crow Holdings Development has landed a second tenant for its new 1.2 million-square-foot industrial park in Carteret, leasing 355,000 square feet to a global logistics firm.

Industrial
Greek: Construction begins for 216,000 sq. ft. Mount Laurel cold storage project

RL Cold and BentallGreenOak have broken ground on a nearly 216,000-square-foot cold storage warehouse in Mount Laurel, with Greek Design|Build spearheading construction on their behalf.

Deals
Resource Realty of Northern New Jersey touts 866,000 sq. ft. in leases, sales at midyear

Three key asset classes have fueled leasing and sales activity for Resource Realty of Northern New Jersey, helping it complete more than 40 transactions during the first half of 2024.

Industrial
JLL: Vision sells Orange County tract slated for 835,000 sq. ft. logistics campus to CHD

Vision Real Estate Partners has sold a 92-acre industrial development site in New York’s Orange County, some 20 miles from the Bergen County border, in a deal arranged by JLL.

Industrial
BRC: Hartz, trucking firm ink lease for industrial outdoor storage space in North Bergen

A trucking company has leased three acres of industrial outdoor storage space in North Bergen, in a newly announced deal by Bussel Realty Corp.

Industrial
Hillwood, WDG break ground on 180,000 sq. ft. logistics project in Bordentown

Global development firm Hillwood has broken ground on a nearly 180,000-square-foot logistics center in Bordentown, its first in New Jersey under a newly opened office in the region.

Finance & Capital Markets
B&D Holdings lands $23 million acquisition loan for 206,000 sq. ft. Exit 9 industrial campus

B&D Holdings has secured a $23 million acquisition loan for more than 200,000 square feet of industrial space in New Brunswick, brokers with JLL announced Thursday.

Industrial
Cheese manufacturer takes 22,000 sq. ft. in Kenilworth, Blau & Berg says

A growing cheese company has leased a 22,000-square-foot industrial building in Kenilworth, in a newly announced deal by The Blau & Berg Co.

Industrial
Reports: Hartz scraps plan for logistics park, open space at sprawling Hercules site on I-80

Hartz Mountain Industries reportedly has dropped its plan to build a 2.5 million-square-foot industrial park in Roxbury — one that also called for hundreds of acres of open space — following considerable pushback from a contingent of local officials, residents and others.