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
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.

Industrial
B&D adds Shulman as senior vice president of acquisitions, eyeing growth in Northeast

Industrial real estate investor and developer B&D Holdings has tapped industry veteran Jack Shulman to spearhead its expansion in the Northeast.

Industrial
BRC: Tire business inks full-building, 7,500 sq. ft. lease in Roselle

A tire recycling business has leased 7,500 square feet of industrial space in Roselle, in a newly announced deal by Bussel Realty Corp.

Industrial
BLP inks 87,000 sq. ft. in renewals in Hasbrouck Heights, NAI Hanson says

Two tenants at a Hasbrouck Heights industrial building have signed lease renewals totaling more than 87,000 square feet, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
JLL: Organic food maker snags $23 million loan to acquire 209,000 sq. ft. facility in Logan

A food manufacturer has landed a $23 million acquisition loan for a nearly 210,000-square-foot warehouse and distribution center in Logan Township, brokers with JLL said Thursday.