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
NAI Hanson: Truck dealership acquires Parsippany parcel, eyes new repair facility

A commercial truck dealership has acquired a property and maintenance facility in Parsippany for nearly $3.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Electrical maintenance business buys 2,100 sq. ft. Ewing warehouse, Fennelly says

An electrical contractor has acquired a 2,100-square-foot industrial building in Ewing, brokers with Fennelly Associates announced Tuesday.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Industrial
BRC: Moving, storage company takes 54,000 sq. ft. in Millburn

A moving company has leased a nearly 54,000-square-foot industrial building in Millburn, in a newly announced deal by Bussel Realty Corp.

Events
United Way honors Central 9 Logistics Park, Kenvue headquarters while marking 25 years of support from New Jersey commercial real estate leaders

United Way of Northern New Jersey marked a milestone last week with its 25th annual Legacy Event, drawing some 400 attendees and raising $335,000 as the state’s commercial real estate sector continued its outsized, longstanding support of the organization.

Industrial
Fennelly: Bordentown property sold, slated to become 182,000 sq. ft. warehouse

A fraternal organization has sold a vacant 22,000-square-foot building in Bordentown to a developer for more than $4 million, in a newly announced deal by Fennelly Associates.

Finance & Capital Markets
JLL inks $26 million loan for Denholtz’s newly acquired 214,000 sq. ft. logistics park in Texas

Denholtz Properties has secured more than $26 million in acquisition financing for nearly 214,000 square feet of high-end industrial space in Texas, in a deal arranged by JLL.

Professional Services
Garibaldi Group acquires NAI Summit to expand service lines, Lehigh Valley presence

The Garibaldi Group has acquired NAI Summit, the Allentown, Pennsylvania-based real estate services firm, in a move aimed at bolstering its brokerage and property management platforms and expanding its business in the Lehigh Valley region.

Industrial
Nuts, raisins wholesaler adds 14,000 sq. ft. at Larken industrial park in Hillsborough

A food wholesaler is expanding at a Hillsborough industrial park, adding nearly 14,000 square feet to its existing footprint under a new lease with Larken Associates.

Industrial
CBRE: Wholesaler goes from tenant to owner, acquiring 170,000 sq. ft. Lodi industrial building

A grocery wholesaler is expanding in Lodi with its acquisition of a nearly 170,000-square-foot industrial building that it already occupies, brokers with CBRE announced Tuesday.