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
Joint venture eyes 1.7 million sq. ft. logistics park after buying 282 acres in Salem County

CT Realty and PGIM Real Estate have acquired 282 acres in Salem County for a plan to develop a two-building, 1.7 million-square-foot industrial park at the Delaware Memorial Bridge.

Industrial
Woodmont, Jingoli launch construction of 152,000 sq. ft. South Amboy industrial project

A joint venture has broken ground on a project that will bring more than 150,000 square feet of new high-end industrial space to a former brownfield site in South Amboy.

Industrial
Duke, JD.com ink 217,000 sq. ft. lease for spec warehouse in Piscataway

Duke Realty Corp. has leased nearly 217,000 square feet to JD.com, China’s largest direct online retailer, filling a speculative industrial building under construction in Piscataway.

Top News
Developers, officials unveil plan for $125 million Lionsgate studio complex in Newark

A sprawling studio complex is coming to the former site of a Newark public housing complex, under a $125 million project unveiled Tuesday by its development team and public officials.

Professional Services
NAI Fennelly inks 31 leases, renewals through first four months of 2022

A brokerage team is touting the completion of 31 leases during the first four months of 2022, accounting for more than 200,000 square feet of activity in and around central New Jersey.

Industrial
Deck contractor buys Helmetta parcel for $925,000, Sheldon Gross says

A decking company has acquired 2.4 acres in Middlesex County that will meet its need for outdoor storage space, according to a broker with Sheldon Gross Realty.

Industrial
Prologis adds vice president, development officer in New Jersey and New York market

Prologis has tapped a construction industry veteran as a new vice president and development officer in the company’s New Jersey and New York region.

Industrial
Sale of Middlesex self-storage asset among three recent commercial deals by Kislak

A longtime owner has sold a 72-unit self-storage property in Middlesex Borough for nearly $1.1 million, in one of three newly announced deals by The Kislak Co. Inc.

Industrial
Duke Realty adds vice president of leasing, development in New Jersey

Duke Realty has bolstered its team in the region with the hiring of a new vice president of leasing and development, the real estate investment trust announced.

Industrial
Top developers, owners see continued growth for industrial market, despite new headwinds

More than 200 attendees turned out April 26 for “The View from the Top: A Conversation with Leaders in Logistics Real Estate,” a conference hosted by Real Estate NJ at The Highlawn in West Orange. Speakers included (clockwise from top…