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
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Professional Services
Sheldon Gross to manage 131,000 sq. ft. commercial, industrial portfolio in Central Jersey

The owners of five commercial buildings in Monmouth and Middlesex counties have tapped Sheldon Gross Realty to manage the properties.

Industrial
Event rental company inks lease at newly sold Hillsborough industrial building, Deluccia says

An investor has purchased and quickly filled a 6,000-square-foot commercial building in Hillsborough, in a set of transactions managed by Deluccia Commercial Group.

Industrial
Herbal therapeutics maker leases 3,000 sq. ft. at South Plainfield warehouse, BRC says

A company that develops plant-based ingredients and supplements has taken 3,000 square feet of industrial space in South Plainfield, brokers with Bussel Realty Corp. said Monday.

Industrial
NAI Mertz closes sale of 106,000 sq. ft. Mount Laurel industrial building

A private business has purchased a 106,000-square-foot industrial property in Mount Laurel, paying an undisclosed price in a deal arranged by NAI Mertz.

Finance & Capital Markets
Kennedy Funding closes $3 million loan to advance Washington State cold storage project

A cold storage project in Washington State is moving ahead with the help of a new $3 million loan from Kennedy Funding, the New Jersey-based direct private lender announced.

Industrial
CBRE: Genesis buys South Brunswick industrial outdoor storage parcel for $5.7 million

Investment group Genesis has picked up another industrial outdoor storage property in New Jersey, buying a five-acre site in South Brunswick’s Dayton section for $5.7 million.

Industrial
Larken inks expansion, new lease in latest deals at Hillsborough industrial park

A contractor has expanded at Larken Associates’ Hillsborough Business Center, where it now occupies more than 6,100 square feet to support its growing operations in the region.

Industrial
RRNNJ inks two leases totaling 173,000 sq. ft. to bolster East Hanover industrial park

Saxum Real Estate has filled more than 173,000 square feet with two new leases at an East Hanover industrial park, brokers with Resource Realty of Northern New Jersey said Thursday.

Current Issue
Owners Council Q&A: Lance Bergstein

The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.