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
BRC inks sale of 5,600 sq. ft. Scotch Plains industrial building for $1.3 million

The site of a 5,600-square-foot industrial building in Scotch Plains has changed hands for the second time in a year, in a deal arranged by Bussel Realty Corp.

Industrial
Terreno, Venture One ink $17.8 million trade of West Caldwell industrial building

Terreno Realty Corp. has sold a 93,000-square-foot industrial building in West Caldwell for $17.8 million, the company announced recently.

Finance & Capital Markets
Carlstadt warehouse owner lands $49 million in financing, G.S. Wilcox says

The owner of a four-building, 570,000-square-foot industrial portfolio in Carlstadt has secured $49 million in financing, in a newly announced deal by G.S. Wilcox & Co.

Industrial
Heller taps JLL for new 674,000 sq. ft. logistics facility at 8A, in a first for storied developer

Heller Industrial Parks has taken the wraps off nearly 675,000 square feet of new industrial space in South Brunswick, having tapped JLL as its first-ever outside leasing team for a project.

Industrial
2020 Acquisitions lands first tenant at 4.2 million sq. ft. Old Bridge industrial park

A packaging and fulfillment firm has leased more than 192,000 square feet to become the first tenant at a new nine-building, 4.2 million-square-foot industrial park in Old Bridge.

Industrial
Denholtz acquires 724,000 sq. ft. Lehigh Valley industrial portfolio

Denholtz Properties has added more than 720,000 square feet of industrial space to its holdings in the region, acquiring an 18-building portfolio in Pennsylvania’s Lehigh Valley.

Industrial
Moving business takes 7,200 sq. ft. in West Caldwell office, industrial deal, Sheldon Gross says

A moving company has found a new home after leasing more than 7,000 square feet of office and warehouse space in West Caldwell, in a deal arranged by Sheldon Gross Realty.

People
STRO promotes Ferris to senior director of leasing, acquisitions

The STRO Cos. has promoted Elliot Ferris to senior director of leasing and acquisitions.

Industrial
Buyer wanted for 5.5-acre redevelopment site two miles from Port Newark, C&W says

A development site in northern New Jersey’s booming port region is on the market for sale, in a newly announced offering by Cushman & Wakefield.

Industrial
Dalfen Industrial buys newly built, 470,000 sq. ft. warehouse in western Morris County

Dallas-based Dalfen Industrial has made its third deal in New Jersey in roughly six months, acquiring more than 470,000 square feet of newly built logistics space in Morris County.