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.

Finance & Capital Markets
LEG scores $61 million construction loan for 420,000 sq. ft. Hamilton industrial project

Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.

Industrial
Saddleback breaks ground on new 50,000 sq. ft. industrial building in Hackettstown

Saddleback Real Estate Developers has started construction on a project that will bring 50,000 square feet of modern industrial space to the northern tip of Hackettstown.

Industrial
Investor adds 18,000 sq. ft. Elizabeth industrial building for $3.2 million, BRC says

An investor has paid $3.2 million for more than 18,000 square feet of industrial space in Elizabeth, in a transaction arranged by Bussel Realty Corp.

People
Sanzari taps DeLorenzo as vice president, director of leasing and marketing

Alfred Sanzari Enterprises has welcomed real estate industry veteran Christopher DeLorenzo as its vice president and director of leasing and marketing.

Office
Grid: Three tenants combine for 26,000 sq. ft. at loft-style flex building in Jersey City

A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.

Industrial
Office furniture installer inks 214,000 sq. ft. industrial lease in Elizabeth

A commercial furniture installer has taken nearly 214,000 square feet at an Elizabeth industrial building, brokers with The Blau & Berg Co. announced last week.

Industrial
Devli adds 176,000 sq. ft. distribution center in Connecticut

Devli Real Estate has added to its portfolio in the region with the acquisition of a 176,000-square-foot industrial building outside New Haven, Connecticut.

Industrial
CBRE: Organic foods distributor buys 105,000 sq. ft. Moonachie warehouse for $31 million

A distributor of natural and organic foods has acquired a 105,000-square-foot industrial building in the Meadowlands for $31 million, in a newly announced deal by CBRE.

Finance & Capital Markets
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.

Industrial
DH Property Holdings buys 365,000 sq. ft. industrial portfolio in Cherry Hill, Blackwood

DH Property Holdings LLC has acquired two South Jersey industrial parks for nearly $49 million, adding some 365,000 square feet of shallow-bay space to its portfolio in the region.