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
Pillar Care raises nearly $2 million at gala honoring Bridge Industrial’s Milanaik

A nonprofit serving people with disabilities has raised nearly $2 million with the help of Bridge Industrial’s Jeff Milanaik, the veteran developer and longtime supporter of the organization.

Industrial
Turnbridge, Long Wharf sell Newark logistics complex for $128 million

Turnbridge Equities and Long Wharf Capital have sold a three-building, 738,000-square-foot industrial complex in Newark for nearly $128 million, the firms announced Tuesday.

Government & Public Policy
Lions Gate awarded EDA ‘Studio Partner’ designation, boosting tax credit eligibility

Lions Gate Films Inc. has secured a key designation by the state Economic Development Authority, allowing it to secure additional incentives in connection with a sprawling studio complex that’s now under construction in Newark.

Professional Services
NAI Fennelly rebrands as Fennelly Associates

NAI Fennelly, the longtime commercial real estate services firm based in Hamilton, has announced its rebrand to Fennelly Associates.

Top News
The best of The Briefing 2022

We’re always excited to look ahead to a new year in New Jersey commercial real estate. First, however, please join us in looking back at our top stories of the year, including our most-read items and a few editor’s picks. Happy New Year and best of luck!

Top News
NAIDB: New Jersey CRE market shows strength across property types, despite headwinds

Commercial real estate in New Jersey continues to draw investors and tenants at a robust pace, despite economic uncertainty, with even less-heralded asset classes such as office and retail showing signs of health in recent months.

Industrial
Brookfield buys newly built, 1 million sq. ft. industrial park at Exit 7A in Jackson Twp.

Brookfield Properties has acquired more than 1 million square feet of newly delivered industrial space in Jackson Township, in a deal arranged by Cushman & Wakefield.

Industrial
Home Depot affiliate takes 196,000 sq. ft. at new Bayonne industrial building

An affiliate of Home Depot has leased nearly 200,000 square feet at a soon-to-be-built industrial property in Bayonne, in a newly announced deal by JLL.

Finance & Capital Markets
JLL inks $12 million refi for two-building, 114,000 sq. ft. industrial portfolio in Elmwood Park

Alfred Sanzari Enterprises has secured $12.2 million to refinance two Elmwood Park industrial buildings totaling nearly 114,000 square feet, brokers with JLL announced Tuesday.

Residential & Mixed Use
Sanzari, apparel maker sign 36,000 sq. ft. renewal in South Hackensack

An apparel company has signed a renewal at a South Hackensack industrial building, where it occupies more than 36,000 square feet under a lease with Alfred Sanzari Enterprises.