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
IOREBA installs First American’s Greif as president among newest board officers

The Industrial and Office Real Estate Brokers Association has installed its new slate of board officers for the 2022-23 term.

Industrial
Food-focused investor buys Vineland facility in $23 million sale-leaseback

An investor has acquired a food production and distribution facility in Vineland for nearly $23 million, marking its second such deal in southern New Jersey in less than a year.

Industrial
Outdoor storage investor adds eight-acre site in Edison, marking its first New Jersey deal

A national investor has made its entrance to New Jersey with the purchase of an eight-acre construction yard in Edison, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
Greek, Principal ink $32 million construction loan with Provident for warehouse project

Greek Development and Principal Real Estate Investors have closed on more than $32 million in construction financing for a long-awaited industrial project in Pennsylvania’s Bucks County.

Industrial
Avison Young touts sale of ex-manufacturing site in East Rutherford to Deugen

Avison Young has announced the sale of a onetime manufacturing site in East Rutherford that will soon become a new warehouse facility built by Deugen Development.

Professional Services
Inside C&W’s ambitious plan to add talent, market share in long-established New Jersey office

Cushman & Wakefield is revamping how it identifies and pursues new business opportunities, all while rethinking its brokers’ approach to serving clients and advancing the long-held goal of creating a one-stop shop for its many disciplines and service lines.

Industrial
Realterm adds 12,000 sq. ft. Linden truck terminal, in NAI Hanson-brokered deal

An investment manager has added to its growing New Jersey real estate portfolio, acquiring a 12,000-square-foot industrial property some 10 miles from Port Newark-Elizabeth.

Industrial
Larken, flooring company sign 1,100 sq. ft. lease at Hillsborough flex campus

A flooring business is among the newest tenants at Larken Associates’ sprawling Hillsborough Business Center off Route 206, where it has leased nearly 1,100 square feet.

Industrial
Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.

Finance & Capital Markets
BBCP inks $44 million refi for six-building, 390,000 sq. ft. Bergen County flex portfolio

The owner of nearly 390,000 square feet of flex commercial space in Allendale has refinanced the portfolio for $44 million, in a newly announced deal by Black Bear Capital Partners.