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.

The Garibaldi Group’s Bartolacci formally moves to newly acquired NAI Summit team

Michael Bartolacci, the longtime broker at the helm of The Garibaldi Group’s Lehigh Valley office, is formally transitioning to NAI Summit after the two firms joined forces last month.

Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

CBRE: Heller inks 285,000 sq. ft. deal at Exit 8A with global logistics, fulfillment firm

A logistics and distribution firm is consolidating in South Brunswick after recently leasing more than 285,000 square feet of new industrial space, brokers with CBRE said Tuesday.

Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.

Thor completes $18.3 million sale-leaseback for 112,000 sq. ft. industrial building in Elizabeth

Thor Equities Group has acquired nearly 112,000 square feet of industrial space in Elizabeth as part of a sale-leaseback valued at $18.3 million.

CBRE inks sale of 70,000 sq. ft. Conshohocken warehouse for $2.9 million

An investment firm has purchased a 70,000-square-foot industrial property outside Philadelphia for nearly $2.9 million, in a newly announced deal by CBRE.

STRO, KRE Group break ground on 137,000 sq. ft. project in new Florham Park industrial zone

More than 135,000 square feet of new warehouse and logistics space is coming to Florham Park under a project that’s now under construction at a former office and data center property.

Woodmont, Sagard unveil newly expanded 210,000 sq. ft. warehouse at Exit 8A

Woodmont Industrial Partners and Sagard Real Estate have completed their update and expansion of a South Brunswick industrial building that now spans 210,000 square feet.

Devli, Deugen tap Blau & Berg as leasing team at newly acquired Newark industrial parcel

The owners of a seven-acre industrial parcel in Newark’s port district have picked The Blau & Berg Co. to spearhead its leasing campaign at the site.

A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.