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
Branchburg industrial condos totaling 15,000 sq. ft. trade for $2.7 million, Deluccia says

Deluccia Commercial Group has brokered the sale of three contiguous, 5,000-square-foot industrial condominium units in Somerset County for $2.7 million.

Industrial
Sitex adds 40,000 sq. ft. Avenel industrial building for $20 million, in short-term sale-leaseback

Sitex Group has purchased a 40,000-square-foot industrial building in the Avenel section of Woodbridge for $19.7 million, in a newly announced deal by Bussel Realty Corp.

Industrial
Business owner sells 33,000 sq. ft. Tinton Falls industrial building, Zimmel says

The owner of a plumbing and heating supply business has sold a 33,000-square-foot industrial building in Tinton Falls for $5.4 million, brokers with Zimmel Associates announced.

Industrial
Sitar inks sale of 39,000 sq. ft. warehouse, office asset in Wall for Manasquan Bank

Manasquan Bank has sold a nearly 39,000-square-foot warehouse and office building in Wall Township for $7.7 million, according to brokers with Sitar Realty Co.

Industrial
Realterm buys low-coverage, 67,000 sq. ft. warehouse site in Bergen County

Investment firm Realterm has purchased a 66,504-square-foot warehouse in the Bergen County borough of Fairview.

Top News
Dessert maker takes 20,000 sq. ft. at new Denholtz food, beverage facility on Fort Monmouth

Denholtz Properties has lured another user to its new food and beverage hub on Fort Monmouth, where a fast-growing dessert business will now build out a new production facility.

Finance & Capital Markets
JLL sources loans to refi two-building, 51,000 sq. ft. light industrial portfolio in Tinton Falls

JLL has arranged a refinancing for two Monmouth County light industrial buildings totaling 50,923 square feet.

Featured
Will cold storage heat up in New Jersey?

By Kristian Cichon, ME, BE, Director of Acquisitions Deugen Development The New Jersey industrial market has managed to continue its historic pace of rising rents and new development, while vacancy rates have remained below 2 percent. This unprecedented demand from…

Industrial
Hartz details pitch for industrial park, open space at massive Hercules site in Roxbury

Hartz Mountain Industries has unveiled its proposal to redevelop a massive former manufacturing site in Morris County, including plans for a five-building, 2.5 million-square-foot industrial campus and hundreds of acres of open space.

Industrial
IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.