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.

Finance & Capital Markets
Seagis lands $122 million loan for three-state, 1.1 million sq. ft. industrial portfolio, JLL says

Seagis Property Group LP has snagged $122 million in financing in connection with more than 1 million square feet of industrial space in New Jersey, New York and Florida.

People
Bergman promotes Rand to chief investment officer

Bergman Real Estate Group has promoted Brian Rand to chief investment officer, announcing the move less than a year and a half after his arrival at the Woodbridge-based firm.

Events
NAIOP New Jersey to host annual meeting, commercial real estate outlook on Jan. 25

NAIOP New Jersey will welcome hundreds of industry leaders next week for its first event of the year, where experts will highlight economic trends and their impact on commercial real estate.

Government & Public Policy
Community solar program benefiting property owners, residents set to expand under new law

State officials are doubling down on a program that has brought solar panels to warehouses across New Jersey while creating low-cost clean energy for thousands of residents.

Finance & Capital Markets
Mesa West, Bridge Industrial close $54 million loan for South Brunswick industrial project

Bridge Industrial is nearing completion of some 292,000 square feet of new industrial space in South Brunswick after securing nearly $54 million in construction financing.

Industrial
Report: TJX leasing 1.3 million sq. ft. at Kingsland Meadowlands industrial park

The parent of T.J. Maxx, HomeGoods and Marshalls has leased nearly 1.3 million square feet of industrial space in the Meadowlands, marking the first deal at a massive campus being built by Russo Development and Forsgate Industrial Partners.

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.