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.

Burlington warehouse sold for $2.7 million, Colliers says

A firm that is relocating from New York has acquired a 40,500-square-foot industrial building in Burlington, in a deal brokered by Colliers International.

Piscataway site sold for $57 million, setting up 2.4 million sq. ft. industrial development

A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.

JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.

Sitex acquires warehouses in Bergen, Essex counties

Sitex Group, an industrial real estate investor, has added to its portfolio in northern New Jersey with the acquisition of warehouses in Englewood and West Caldwell.

Developer begins second building at massive Kearny Point project

Developer Hugo Neu has kicked off the next piece of its plan to redevelop a former shipbuilding yard in Kearny, starting on the redevelopment of a 200,000-square-foot light industrial building.

Wig, hair products distributor moving to Carlstadt from South Carolina

A distributor of high-end wigs and other hair pieces will relocate to the Meadowlands from South Carolina after leasing 11,300 square feet in Carlstadt, the building owner said Monday.

Landmark deli set to open Meadowlands fulfillment hub for e-commerce

A famous New York City delicatessen has leased nearly 30,000 square feet of industrial space in Carlstadt, which it will use in part to support its new online delivery business.

After 25 years, investor gains full ownership of Bergen County property

A real estate investor and developer has completed its 25-year quest for full ownership of a 78,000-square-foot warehouse and retail property in Saddle Brook.

Investors Bank expanding CRE lending platform

After riding the state’s multifamily boom to help build its commercial real estate lending platform, Investors Bank remains committed to the apartment sector. But it’s also making sure to diversify as it continues to expand its lending business.

Hampshire sells six-building industrial portfolio for $147 million

The Hampshire Cos. has sold a six-building, 1.2 million-square-foot industrial portfolio in New Jersey for nearly $147 million, in a deal brokered by HFF that represents one of the largest in recent years for the state’s warehouse and distribution market.