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
CBRE: Buyer wanted for 400-acre development site at Sayreville’s Hercules property

A massive piece of the former Hercules Inc. property in Sayreville is on the market for sale, with zoning in place for warehousing, data centers and other uses across some 400 acres.

Industrial
PNK Group breaks ground on 268,000 sq. ft. industrial project in Camden County

Construction is underway on a 268,000-square-foot industrial facility in Camden County’s Waterford Township.

Finance & Capital Markets
Marcus Partners inks construction loan for 72,000 sq. ft. Hanover warehouse project, JLL says

Marcus Partners has closed on construction financing for a project that will bring 72,000 square feet of new industrial space to Hanover, brokers with JLL announced Tuesday.

Industrial
NAIDB marketing Union Township warehouse, flex spaces totaling 28,000 sq. ft.

The owner of a Union Township industrial building is looking to fill more than 28,000 square feet, working alongside a leasing team with NAI DiLeo-Bram & Co.

Industrial
CBRE: Silverman, FDA-approved packaging company ink 114,000 sq. ft. renewal in Randolph

The Silverman Group has signed a nearly 114,000-square-foot lease renewal in Randolph with a specialty packaging company for the health care and food and nutrition industries.

Industrial
Freight forwarding, logistics firm takes 89,000 sq. ft. in Raritan Center, Lee & Associates says

Summit Associates Inc. has landed a tenant for a nearly 89,000-square-foot industrial building in Edison, brokers with Lee & Associates – WBE New Jersey announced Thursday.

Industrial
CHS Property fills Linden industrial park with new 50,000 sq. ft. lease, BRC says

A seven-building, 208,000-square-foot industrial complex in Linden is fully leased after a recent 50,000-square-foot deal, according to a brokerage team with Bussel Realty Corp.

Events
NAIOP N.J. President’s Awards slated for Nov. 3 with Casiello, Lieb set to join Hall of Fame

More than a half-dozen commercial real estate industry leaders will take the stage next month as NAIOP New Jersey hosts its annual President’s Awards and Hall of Fame Reception.

People
Saxum promotes Stern to senior associate of acquisitions with industrial team

Saxum Real Estate has promoted Brandon Stern to senior associate of acquisitions, expanding his focus with the Summit-based firm’s industrial platform.

Industrial
Cash buyer pays $1.4 million for 11,000 sq. ft. Elizabeth warehouse, IPRG says

A private investor has purchased the site of a nearly 11,000-square-foot warehouse in Elizabeth, in a newly announced deal by Investment Property Realty Group.