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.

Professional Services
Garibaldi Group acquires NAI Summit to expand service lines, Lehigh Valley presence

The Garibaldi Group has acquired NAI Summit, the Allentown, Pennsylvania-based real estate services firm, in a move aimed at bolstering its brokerage and property management platforms and expanding its business in the Lehigh Valley region.

Industrial
Nuts, raisins wholesaler adds 14,000 sq. ft. at Larken industrial park in Hillsborough

A food wholesaler is expanding at a Hillsborough industrial park, adding nearly 14,000 square feet to its existing footprint under a new lease with Larken Associates.

Industrial
CBRE: Wholesaler goes from tenant to owner, acquiring 170,000 sq. ft. Lodi industrial building

A grocery wholesaler is expanding in Lodi with its acquisition of a nearly 170,000-square-foot industrial building that it already occupies, brokers with CBRE announced Tuesday.

Industrial
Auto repair business leases seven-acre IOS property in Burlington County, BRC says

An auto repair business has leased seven acres of industrial outdoor storage property in Delran, in a deal arranged by brokers with Bussel Realty Corp.

Industrial
Resource Realty: Industrial users in East Hanover, Fairfield ink renewals totaling 73,000 sq. ft.

A fragrances company has signed a nearly 43,000-square-foot lease renewal at an industrial park in East Hanover, in one of two recent deals by Resource Realty of Northern New Jersey.

Industrial
TDC sells newly built 311,000 sq. ft. Branchburg industrial project, Avison Young says

Transwestern Development Co. has completed its sale of a new 311,000-square-foot industrial facility in Branchburg that it built on behalf of a medical supply company.

Industrial
Woodmont completes renovations at 30,000 sq. ft. warehouse in Lyndhurst

Woodmont Industrial Partners has taken the wraps off a newly renovated, 30,000-square-foot industrial building in the heart of the Meadowlands submarket.

Industrial
Blau & Berg: Parent of Mike’s Amazing mayo, mustard leases 59,000 sq. ft. in Saddle Brook

The maker of Mike’s Amazing condiments and other products has signed a new 59,000-square-foot industrial lease in Saddle Brook, brokers with The Blau & Berg Co. announced.

Finance & Capital Markets
JLL: Bridge Industrial inks $29 million loan for spec warehouse project in South Plainfield

Bridge Industrial has closed on a nearly $29 million construction loan for a project that will bring more than 167,000 square feet of new industrial space to South Plainfield.

Finance & Capital Markets
Veteran broker Pizzolato joins Accordia as EVP for acquisitions, capital markets

Accordia Realty Ventures has tapped Matthew Pizzolato as its executive vice president for acquisitions and capital markets, in a key hire aimed at supporting its expansion plans.