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.

Events
Hundreds turn out as NAIOP New Jersey honors industry titans, contributors

NAIOP New Jersey welcomed a crowd of 300 for its annual President’s Awards and Hall of Fame Dinner, honoring eight commercial real estate industry leaders spanning multiple generations, in one of the association’s most popular events of the year.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Industrial
NAI Hanson inks sale of South Hackensack industrial building to chimney services business

A chimney services company has purchased a 4,400-square-foot industrial building in South Hackensack, according to a broker with NAI James E. Hanson.

Industrial
NAI Hanson: Online millwork business leases 10,000 sq. ft. at Sparta industrial park

7 Aaron Way in Sparta — Courtesy: NAI James E. Hanson By Tina Traster An online retailer has taken 10,400 square feet of newly built industrial space at the White Lake Commerce Park in Sparta, a broker with NAI James…

Industrial
Realterm buys two-building, 42,000 sq. ft. warehouse portfolio in East Rutherford

Investment manager Realterm has added nearly 42,000 square feet in New Jersey with its purchase of two industrial buildings in East Rutherford, in a deal by NAI James E. Hanson.

Finance & Capital Markets
Progress Capital sources $23 million loan for 1,000-unit self-storage project

A developer has landed a $23 million construction loan for a planned 1,000-unit self-storage facility in Branchburg, in a deal arranged by Progress Capital.

Industrial
Seagis, DHL Global Forwarding ink 17,000 sq. ft. industrial lease in Carteret, BRC says

A unit of shipping giant DHL has taken more than 17,000 square feet of industrial space in Carteret, in a newly announced deal by Bussel Realty Corp.

Industrial
Woodmont eyes spring delivery for new 54,000 sq. ft. industrial project in Woodbridge

Woodmont Industrial Partners has broken ground on what will be more than 54,000 square feet of new industrial space in Woodbridge.

Residential & Mixed Use
Jersey City development site slated for 136 apartments sells for $6.5 million

A development site that could house more than 130 luxury apartments has changed hands in Jersey City’s West Side neighborhood, in a deal arranged by B6 Real Estate Advisors.

Industrial
NAI Hanson completes sale of three-building property in Westwood

NAI James E. Hanson has negotiated the trade of a three-building property in the Bergen County borough of Westwood.