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
Freight forwarder leases Old Bridge industrial site, Sheldon Gross says

A freight-forwarding company has signed a lease in Old Bridge for a nearly 10-acre industrial site with a renovated warehouse space, in a newly announced deal by Sheldon Gross Realty.

Industrial
Tenants lease 733,000 sq. ft. in Burlington, Middlesex industrial deals, Lee & Associates says

A third-party logistics firm has leased nearly 480,000 square feet of industrial space in Burlington, in one of two newly announced deals by Lee & Associates New Jersey.

Industrial
Orthofeet takes 52,000 sq. ft. in Norwood to expand within Sanzari-owned portfolio

Alfred Sanzari Enterprises has signed a new lease in Norwood that will allow a tenant to expand to an adjacent building and add more than 52,000 square feet to its existing footprint.

Industrial
Denholtz unveils 41,000 sq. ft. Hamilton industrial building, taps Fennelly as leasing agent

Denholtz Properties has taken the wraps off more than 40,000 square feet of new warehouse space in Hamilton that it says will cater to small-bay industrial users.

Deals
Fidelco, parking operator ink 4.5-acre lease near Newark Airport, Blau & Berg says

A parking lot operator has leased nearly five acres adjacent to Newark Liberty International Airport, in a newly announced deal by The Blau & Berg Co.

Industrial
March Construction set to break ground on new 70,000 sq. ft. industrial building in Wayne

Construction is set to begin on nearly 70,000 square feet of new industrial space in Wayne, helping to repurpose a site that’s long housed a storage yard for trucks and other equipment.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

Industrial
CenterPoint welcomes CODA Logistics to new 322,000 sq. ft. distribution center in Linden

CenterPoint Properties has taken the wraps off more than 320,000 square feet of new logistics space in Linden after having preleased the facility to a third-party logistics firm.

Industrial
Crow Holdings delivers new 207,000 sq. ft. warehouse at iconic Marcal site in Elmwood Park

Crow Holdings Development has completed a 207,000-square-foot industrial project in Elmwood Park, bringing new life to the former Marcal Paper plant after the historic complex was destroyed by fire more than five years ago.

Finance & Capital Markets
NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.