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
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.

Industrial
DH Property Holdings buys 365,000 sq. ft. industrial portfolio in Cherry Hill, Blackwood

DH Property Holdings LLC has acquired two South Jersey industrial parks for nearly $49 million, adding some 365,000 square feet of shallow-bay space to its portfolio in the region.

Industrial
Rockefeller sells new 147,000 sq. ft. Piscataway warehouse to Bridge Industrial

Rockefeller Group has sold a new 147,000-square-foot distribution center in Piscataway to Bridge Industrial, following its completion of the building earlier this year.

Deals
Resource Realty details eight new leases, sales spanning 400,000 sq. ft.

Resource Realty of Northern New Jersey has announced a flurry of recent deals, completing eight lease and sale transactions spanning nearly 400,000 square feet of commercial space.

Industrial
Blau & Berg: Warehousing, distribution user acquires 12,000 sq. ft. Newark industrial building

The longtime owners of a 12,000-square-foot industrial building in Newark have sold the facility, according to a brokerage team with The Blau & Berg Co.

Retail
NAI Hanson: Shed, gazebo supplier buys neighboring commercial property in Hackettstown

A supplier of sheds, pool houses and other products has acquired more than 11,000 square feet of retail and industrial space in Hackettstown, brokers with NAI James E. Hanson announced.

Industrial
Larken eyes Q4 delivery for new 50,000 sq. ft. flex industrial project in Flemington

Larken Associates has broken ground on a project that will add 50,000 square feet to its portfolio of flex industrial space in Flemington.

Industrial
New supply still weighing on New Jersey industrial market, despite strong leasing volume

A wave of new warehouse deliveries in New Jersey continued in the second quarter, putting upward pressure on vacancy rates despite millions of square feet of leasing activity.

Industrial
BRC: 3PL firm takes 80,000 sq. ft. in Edison industrial sublease

A third-party logistics firm has subleased 80,000 square feet of industrial space in Edison, in a newly announced deal by Bussel Realty Corp.

Industrial
Petrucci nearing halfway point of 88,000 sq. ft. industrial project in Warren County

Nearly 88,000 square feet of new industrial space is coming to the western edge of Warren County in a facility that’s now under construction by J.G. Petrucci Co. Inc.