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.

Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

NAI DiLeo-Bram: Flooring contactor expands with 7,000 sq. ft. Kenilworth industrial building

A flooring contactor has purchased a 7,000-square-foot industrial building in Kenilworth, in a newly announced transaction by NAI DiLeo-Bram & Co.

Blau & Berg: Family sells Plainfield commercial lot after nearly 100 years

The longtime owner of a commercial lot in Plainfield has sold the property, according to a brokerage team with The Blau & Berg Co.

REIT buys 246,000 sq. ft. Vineland, Bridgeton portfolio in $33 million sale-leaseback

A real estate investment trust has purchased a two-building, 246,000-square-foot industrial portfolio in Vineland and Bridgeton, in a deal valued at nearly $33 million.

Prologis eyes continued push in New Jersey, New York with a team that has doubled since 2019

Prologis Inc. has grown to about 65 employees in New Jersey and New York to support its expansion in the region, nearly double its headcount from just three years ago, reflecting the growth of its footprint during that time from 37 million to 44 million square feet.

JLL: Owner of new 130,000 sq. ft. industrial facility in Ewing refis for $14.5 million

The owner of a newly built, 130,000-square-foot industrial building in Mercer County has refinanced the property for $14.5 million, in a newly announced deal by JLL.

Blau & Berg: Developer eyes 750,000 sq. ft. logistics park after assembling Woodbridge site

A developer has assembled some 38 acres in Woodbridge that could house nearly 750,000 square feet of new industrial space, following a series of deals by The Blau & Berg Co.

STRO, KRE ink $60 million refi of new 205,000 sq. ft. Woodland Park industrial building

The STRO Cos. and Kushner Real Estate Group have secured $60 million to refinance a new 205,000-square-foot industrial development in Woodland Park.

Specialty foods distributor inks 5,000 sq. ft. industrial lease in Somerset, BRC says

A food distributor has taken 5,000 square feet of industrial space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Penwood adds 110,000 sq. ft. Meadowlands industrial property, in Chaus-brokered deal

An investment manager has acquired a nearly 110,000-square-foot industrial building in the Meadowlands, in a recent transaction by Chaus Realty.