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
Cervelli lists 30,000 sq. ft. Green Brook industrial building (with redevelopment potential)

The owner of a 30,000-square-foot industrial building in Somerset County has put the property on the market, in an offering by Cervelli Real Estate & Property Management.

Industrial
CBRE: Morgan Stanley sells fully leased 450,000 sq. ft. warehouse at Exit 8A

Morgan Stanley has sold a more than 450,000-square-foot industrial building in Monroe Township, in a newly announced deal by CBRE.

Finance & Capital Markets
Greek scores $46 million bridge loan for new 287,000 sq. ft. Philly industrial building

Greek Real Estate Partners has closed on a $46 million bridge loan for more than 287,000 square feet of newly completed industrial space in Philadelphia, the firm announced this week.

Industrial
Trade association for electricians extends 5,000 sq. ft. lease in Somerset, Sheldon Gross says

A trade group has extended its lease for a key training facility in the Somerset section of Franklin, brokers with Sheldon Gross Realty announced Wednesday.

Industrial
Kadima taps Gerszberg to lead newly launched industrial outdoor storage platform

Kadima Industrial Partners is leaning into the industrial outdoor storage sector with a new dedicated platform and the addition of Eitan Gerszberg as director of IOS acquisitions.

Industrial
Randolph, Flanders industrial buildings see 15,000 sq. ft. in leasing activity, RRNNJ says

An industrial user has taken 7,800 square feet at a recently updated building in Randolph, in the largest of three newly announced deals by Resource Realty of Northern New Jersey.

Top News
Bridge Industrial rebrands as Kurv Industrial to reflect changing market, operating platform

Bridge Industrial is now Kurv Industrial, a change meant to capture the firm’s evolution and the growth of a platform that includes substantial holdings in New Jersey.

Finance & Capital Markets
C&W: Sagard, Woodmont snag $56 million loan for 278,000 sq. ft. Rahway industrial project

A joint venture has landed a $56 million construction loan for a project that will bring nearly 278,000 square feet of new high-end warehouse space to Rahway.

Industrial
Doors and Spaces’ Whitmer to join developer panel for sold-out ‘Small Bay Summit’ in Atlanta

A new conference series is taking shape with the help of Doors and Spaces Industrial, the Morristown-based firm cofounded by commercial real estate veteran Brian Whitmer.

Industrial
Marcus: Investors buy fully approved site for 1,200-unit self-storage project in Ridgefield

An investment group has acquired a Bergen County development site with approvals in place for more than 1,200 new self-storage units, in a deal arranged by Marcus & Millichap.