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
Connors inks 15,000 sq. ft. industrial lease in Elizabeth

An undisclosed business has leased nearly 15,000 square feet at an Elizabeth industrial building, in a deal arranged by The William F Connors Agency.

Industrial
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Industrial
Blau & Berg inks lease extension for two-acre Meadowlands truck terminal

A tenant at a two-acre truck terminal property in Carlstadt has extended its lease, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Industrial
Seagis inks Exit 12 industrial leases totaling 32,000 sq. ft., BRC says

Seagis Property Group has secured a new tenant for a 26,000-square-foot industrial building in Woodbridge, in one of two newly announced deals by Bussel Realty Corp.

Events
NAIOP celebrates the best in New Jersey commercial real estate, drawing 800 for 37th annual awards gala

The annual reception and networking extravaganza drew more than 800 industry leaders, as the chapter honored a series of key real estate players and transformative deals in New Jersey.

Industrial
C&W: Marcus Partners sells 192,000 sq. ft. Paterson industrial portfolio

Marcus Partners has sold a fully leased, 192,000-square-foot industrial portfolio in Paterson, in a deal arranged by Cushman & Wakefield.

Industrial
SRS Distribution adds 7,000 sq. ft. at Bridgewater industrial building, Sheldon Gross says

A building products company has expanded its footprint at a Bridgewater industrial property, in a newly announced transaction by Sheldon Gross Realty.

Industrial
Deugen, Devli partner to buy seven-acre industrial parcel in Newark

Deugen Investment Group and Devli Real Estate have acquired a low-coverage, seven-acre industrial parcel near Port Newark-Elizabeth, the firms announced Wednesday.

Policy Page
New Jersey’s path to becoming a hub for advanced industries

New Jersey stands at a pivotal moment in its economic evolution. We’re presented with a unique opportunity based on consumer needs and federal priorities, including meaningful financial incentives. If New Jersey is to position itself as a hub for advanced industries such as data centers, energy storage and cold storage manufacturing, it needs to act.