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
Ridgecut Road adds 3.1-acre industrial service, outdoor storage property in Middlesex

Ridgecut Road has acquired a 3.1-acre industrial service and outdoor storage property in Middlesex Borough as part of a short-term sale-leaseback with an outgoing user.

Professional Services
D’Amato joins Palestina Scrivo Properties as executive vice president

Palestina Scrivo Properties Inc. has added veteran broker John D’Amato as an executive vice president with its Clifton-based team.

Industrial
Heritage Capital sells 13-building, 507,000 sq. ft. industrial park in Totowa

Heritage Capital Group LLC has sold a nearly 507,000-square-foot industrial park near Interstate 80 in Totowa, brokers with Cushman & Wakefield announced Thursday.

Industrial
Seagis adds 20,000 sq. ft. Carlstadt warehouse, in Resource Realty-brokered deal

Seagis Property Group has acquired a nearly 20,000-square-foot warehouse in Carlstadt, marking its 14th investment in the Meadowlands and another addition to its fast-growing portfolio.

Industrial
BRC: Glass company leases 54,000 sq. ft. in Woodbridge in move from New York

A glass company has leased nearly 54,000 square feet of industrial space in the Keasbey section of Woodbridge, in a newly announced deal by Bussel Realty Corp.

Professional Services
The Garibaldi Group’s Bartolacci formally moves to newly acquired NAI Summit team

Michael Bartolacci, the longtime broker at the helm of The Garibaldi Group’s Lehigh Valley office, is formally transitioning to NAI Summit after the two firms joined forces last month.

Community
Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

Industrial
CBRE: Heller inks 285,000 sq. ft. deal at Exit 8A with global logistics, fulfillment firm

A logistics and distribution firm is consolidating in South Brunswick after recently leasing more than 285,000 square feet of new industrial space, brokers with CBRE said Tuesday.

Finance & Capital Markets
Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.

Industrial
Thor completes $18.3 million sale-leaseback for 112,000 sq. ft. industrial building in Elizabeth

Thor Equities Group has acquired nearly 112,000 square feet of industrial space in Elizabeth as part of a sale-leaseback valued at $18.3 million.