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
Marcus Partners acquires stake in 1.2 million sq. ft. South Jersey, Pennsylvania light industrial portfolio in recap deal with Camber

Marcus Partners has acquired an interest in a 25-building, 1.2 million-square-foot light industrial portfolio in South Jersey and Pennsylvania.

People
J.G. Petrucci hires Duffy as newest project executive

J.G. Petrucci Co. Inc. has bolstered its development team with the addition of Michael Duffy as a project executive.

Industrial
Hillwood taps Drysdale as EVP and leader in Northeast, Midwest regions

Hillwood Investment Properties has appointed Justin Drysdale as executive vice president and regional leader for its Northeast, Mid-Atlantic and Midwest markets.

Industrial
NAI Hanson: Maker of signs, trade show materials buys 12,000 sq. ft. Bergenfield flex building

A manufacturer has acquired a 12,000-square-foot industrial flex building in Bergenfield for $2.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Peak Construction to build new 326,000 sq. ft. Brookfield warehouse in West Windsor

Brookfield Properties has tapped Peak Construction Corp. to build more than 326,000 square feet of new industrial space in West Windsor.

Features
Splendor’s growth in Red Bank, creative agency’s home since 2011, has gone hand in hand with robust commercial real estate practice

Commercial real estate clients have been critical to Splendor’s growth as a full-service creative agency, as have the firm’s own decisions about locating and growing its business in Red Bank.

People
Veteran real estate executive Kurtz named new Denholtz Properties CEO

Denholtz Properties has tapped Katie Kurtz as its new CEO, as longtime top executives Steven Denholtz and Stephen Cassidy move into new roles with the Red Bank-based firm.

Industrial
Sagard Real Estate adds 80,000 sq. ft. Avenel warehouse in $24 million deal

Sagard Real Estate has acquired more than 80,000 square feet of industrial space in Woodbridge for $24.1 million, in one of two newly announced deals by the investment advisory firm.

Industrial
Hartz preleases 109,000 sq. ft. Cranford warehouse, eyes 132,000 sq. ft. second phase

Hartz Mountain Industries has leased more than 109,000 square feet of new industrial space in Cranford, securing deals with an HVAC wholesale distributor and a third-party logistics firm.

Industrial
MCB adds new 368,000 sq. ft. warehouse in Howell in $70 million deal

MCB Real Estate has purchased a newly built, 368,000-square-foot industrial building in Howell for nearly $70 million, the investment management firm announced Tuesday.