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
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
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.

Technology
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.

Professional Services
NIA National Realty adds Langan as director, eyeing expansion of brokerage team

NIA National Realty has tapped longtime industry executive Joseph Langan as a director with its Paramus-based team.

Industrial
JLL inks sale of new 104,000 sq. ft. Long Island industrial building

A developer has sold a nearly 104,000-square-foot industrial building in New York’s Suffolk County, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
Industrial user expands with purchase of 98,000 sq. ft. Northvale facility, NAI Hanson says

A private business has acquired a nearly 98,000-square-foot industrial building in the Bergen County borough of Northvale, in a newly announced deal by NAI James E. Hanson.