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.

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.

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.