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.

Residential & Mixed Use
Clarion, MRP detail 500-unit residential phase at ex-Burlington Center Mall site

Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.

Events
Petrucci welcomes more than 100, honors professionals for annual Leadership Awards Dinner (SLIDESHOW)

J.G. Petrucci Co. Inc. continued an annual tradition recently as it honored brokers, engineers and other professionals involved in its transactions and construction projects in 2023.

Industrial
LEG kicks off 204,000 sq. ft. warehouse project in long-awaited redevelopment in Belleville

Lincoln Equities Group has broken ground on a project that will bring more than 200,000 square feet of high-end warehouse space to Belleville, adding new supply to a growing submarket while revitalizing a blighted and long-contaminated site along Route 21.

Professional Services
Corporate acquisitions specialist O’Connor joins Resource Realty of Northern New Jersey

Resource Realty of Northern New Jersey has welcomed Blair O’Connor, a seasoned acquisitions executive, as a vice president in its Parsippany headquarters.

Industrial
JLL Northeast industrial team inks full-building, 541,000 sq. ft. prelease in Dutchess County

A joint venture has leased nearly 541,000 square feet of new logistics space in New York’s Dutchess County, in a deal arranged by JLL’s East Rutherford-based Northeast industrial unit.

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.