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.

People
STRO details new additions, promotions to bolster leadership and support growing portfolio

The STRO Cos. has announced a series of key promotions and new leadership appointments to support its growing real estate holdings and tenant roster across multiple regions.

People
Axria taps Reeves as development engineering manager, Ryan as CFO

Real estate firm Axria has made two key additions, hiring Daniel Reeves as a development engineering manager and William Ryan as chief financial officer.

Industrial
CBRE: Faropoint buys Florham Park facility, trophy maker’s longtime home, for $9.3 million

Faropoint has acquired a nearly 51,000-square-foot production and warehouse facility in Florham Park for $9.25 million, brokers with CBRE announced this week.

Industrial
Denholtz acquires 104,000 sq. ft. South Carolina industrial park to expand Southeast presence

Denholtz has purchased a nearly 104,000-square-foot flex industrial park in South Carolina, marking the latest addition to its fast-growing portfolio in the Southeast.

Events
The road ahead for industrial: Join us Sept. 10 as we discuss the state of logistics, cold storage and more

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Industrial
Mapletree plans new 420,000 sq. ft. logistics facility after buying 38-acre Poconos parcel

Mapletree Investments is planning its next industrial project in the region after acquiring nearly 38 acres in Eastern Pennsylvania, some 20 miles west of the New Jersey border.

Professional Services
PREMIER Design + Build welcomes Rosa as vice president of construction in east region

PREMIER Design + Build Group has named William Rosa as vice president of construction for its eastern region, filling a key leadership post as it continues its growth in the market.

Industrial
Accurate inks 80,000 sq. ft. lease at Perth Amboy industrial building, BRC says

Commercial real estate firm Accurate has secured a new 80,000-square-foot industrial lease in Perth Amboy, in a deal announced Tuesday by Bussel Realty Corp.

Professional Services
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.

Industrial
Doren Development, towing firm ink new lease for Irvington industrial outdoor storage site

Doren Development has secured a tenant for two acres of newly vacant industrial outdoor storage property in Irvington, the firm announced last week.