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.

Finance & Capital Markets
Developers ink $7 million permanent loan for new 41,000 sq. ft. warehouse in Randolph

A joint venture has landed $7 million in permanent financing for nearly 41,000 square feet of newly built warehouse space in Randolph, brokers with JLL announced Thursday.

Industrial
Deugen: Construction underway for new U-Haul storage, truck rental complex in Saddle Brook

Deugen Design Build has broken ground in Saddle Brook on a new 125,000-square-foot self-storage and truck rental facility for U-Haul International.

Industrial
Binswanger: Eagle Cliff adds to holdings with 305,000 sq. ft. Philadelphia industrial deal

Eagle Cliff Real Estate Partners has acquired a 305,000-square-foot distribution center in Northeast Philadelphia, brokers with Binswanger announced recently.

Industrial
Bridge Logistics, HVAC manufacturer sign 24,000 sq. ft. industrial lease in Teterboro

Bridge Logistics Properties has leased up a Meadowlands industrial building with a new commitment by an HVAC manufacturing company.

Industrial
Ambient Capital taps Blau & Berg to lease 650,000 sq. ft. industrial complex in Harrison

The new owner of some 650,000 square feet of industrial space in Harrison and Kearny has picked The Blau & Berg Co. as its leasing team for the complex.

Finance & Capital Markets
BLP lands $10.3 million construction loan for 76,000 sq. ft. warehouse project in Somerset

Bridge Logistics Properties has secured some $10.3 million in construction financing for more than 76,000 square feet of new industrial space in the Somerset section of Franklin.

Events
NAIOP New Jersey unveils 2024 President’s Awards honorees, plans new format

NAIOP New Jersey will honor its volunteer leaders and other key contributors next month as the commercial real estate group hosts its annual President’s Awards and Hall of Fame Reception.

Professional Services
Sheldon Gross named property manager for 237,000 sq. ft. North Brunswick portfolio

The owner of an eight-building, 237,000-square-foot office and industrial complex in North Brunswick has tapped Sheldon Gross Realty as its property manager.

Industrial
Harrison, Kearny industrial outdoor storage portfolio sells for $156 million, NAI Hanson says

An investment firm has acquired a nearly 49-acre industrial outdoor storage portfolio in Harrison and Kearny for $156.3 million, brokers with NAI James E. Hanson announced Tuesday.

Industrial
Seagis buys new 211,000 sq. ft. Kearny warehouse in deal with Russo, River Development

Seagis Property Group has acquired more than 211,000 square feet of newly completed logistics space in Kearny, in a deal arranged by Cushman & Wakefield.