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.

Snack maker is latest tenant to move to N.J. from NYC, Bussel says

A snack manufacturer is relocating to Edison from Brooklyn after acquiring a 35,316-square-foot industrial property in the township, Bussel Realty Corp. said Monday.

Are incentives here to stay in N.J.? Gubernatorial hopefuls weigh in at NAIOP forum

Two of the candidates in this year’s gubernatorial election would look to scale back or reconfigure the state’s development and business incentives, while three others appear ready to continue the existing programs as a way to extend the growth of New Jersey’s economy.

Ex-Giants punter turned broker joins Savills Studley

A former New York Giants punter and Super Bowl champion has found a new home team in northern New Jersey — commercial real estate firm Savills Studley.

NAI Hanson brokers lease for stone maker in Essex County

A stone fabricator is relocating to a flex building in Fairfield, following a 33,000-square-foot deal brokered by NAI James E. Hanson.

Wilcox closes $16M loan for Hartz acquisition

Hartz Mountain Industries has expanded its out-of-state portfolio, acquiring 12 industrial buildings in Atlanta with nearly $16 million in financing arranged by G.S. Wilcox & Co.

High-end event space opens at 2M sq. ft. Kearny redevelopment

A project that calls for redeveloping a historic, 2 million-square-foot former shipyard in Kearny has attracted a Manhattan-based operator that will open a high-end event space at the property.

Loan will fund spec warehouse in Piscataway, HFF says

A joint venture is planning to build a new industrial building spanning more than 450,000 square feet in Piscataway, with the help of $22 million in financing secured by HFF.

Amid supply constraints, developers look down the Turnpike for new opportunities

It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.

After 20 years and three sales, a site finally finds its calling

It was a 27-acre land sale last September that gave way to one of East Windsor’s newest industrial projects, but it wasn’t the first time the property had changed hands.

Garden State of mind: Postell, McDonough reflect on five years since the opening of Transwestern’s N.J. office

Transwestern, which is now marking five years since it officially opened in New Jersey, has since become a player in the state’s office, industrial and retail sectors. It has seen its annual transaction volume double since 2012 — while its property management portfolio has grown during that time to 4 million square feet from 485,000 square feet — with a platform that offers more than just brokerage services.