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
Faux flower seller leases 38,000 sq. ft. in Newark, in one of three new BRC deals

A home décor company has taken more than 38,000 square feet of industrial space in Newark, in one of three newly announced deals by Bussel Realty Corp.

Technology
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey

The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.

Industrial
Galvanize, sustainability-minded investment firm, buys 608,000 sq. ft. warehouse at Exit 8

Galvanize Real Estate has made its second acquisition in New Jersey with plans to significantly reduce carbon emissions at the 608,000-square-foot warehouse in East Windsor.

Industrial
CenterPoint names Guffey as vice president of leasing in east region

CenterPoint Properties has hired veteran industry executive Jonathan Guffey as a vice president of leasing in its east region.

Industrial
WCRE: Cleaning services firm takes 5,200 sq. ft. in Pennsauken flex industrial deal

A commercial cleaning services firm has leased more than 5,000 square feet at a flex industrial facility in Pennsauken, Wolf Commercial Real Estate announced in a news release Friday.

Finance & Capital Markets
C&W: Lincoln Equities, PCCP refi new 333,000 sq. ft. warehouse in Bayonne for $126 million

Lincoln Equities Group and PCCP LLC have secured more than $126 million to refinance nearly 333,000 square feet of newly built industrial space in Bayonne.

Technology
Brightcore, Luminace detail new community solar project at Fairfield and Montville properties

New solar panels are coming to eight commercial buildings in Fairfield and Montville as part of a project announced Wednesday by Brightcore Energy and Luminace.

Industrial
Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects

Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.

Industrial
Altman JV acquires Hamilton tract slated for 171,000 sq. ft. warehouse

Development firm Altman has lined up its second New Jersey project in less than a month, acquiring a parcel in Hamilton that’s slated for nearly 171,000 square feet of new logistics space.

Finance & Capital Markets
PGIM inks $129 million senior loan to refi 1.2 million sq. ft. Cinnaminson warehouse project

PGIM Real Estate has closed more than $129 million in financing to the developer of a new 1.2 million-square-foot industrial property in Cinnaminson, the company announced Monday.