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
Faropoint adds 1.7 million sq. ft. in $105 million industrial deal in Jacksonville, Memphis

Hoboken-based Faropoint has added 1.7 million square feet of logistics space in the Southeast with a newly announced acquisition in Jacksonville, Florida and Memphis, Tennessee.

Finance & Capital Markets
Newmark: Hampshire adds JV partner in $300 million recap of 1.4 million sq. ft. light industrial portfolio

The Hampshire Cos. has closed on a $300 million recapitalization of a sprawling light industrial portfolio in northern New Jersey and other key areas, in a deal arranged by Newmark.

Industrial
DXD Capital completes latest self-storage project, a 603-unit facility in Egg Harbor Twp.

Private equity firm DXD Capital has opened a new 603-unit self-storage facility in Egg Harbor Township, the latest addition to its fast-growing portfolio in the asset class.

Industrial
Longpoint adds 445,000 sq. ft. Montville industrial portfolio in deal with First Industrial

Longpoint Partners LP has acquired more than 445,000 square feet of industrial space in Montville, one of at least two major additions recently to the firm’s holdings in New Jersey.

Industrial
Distribution business takes 16,000 sq. ft. near Port Newark, Blau & Berg says

A distribution company has leased 16,000 square feet of industrial space roughly a mile from Port Newark-Elizabeth, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
PGIM details $64 million acquisition loan to Longpoint for Totowa industrial portfolio

Longpoint Partners LP has secured nearly $64 million in financing for its purchase of more than 448,000 square feet of shallow-bay industrial space in Totowa.

Industrial
Solar Landscape, NSA unveil plans for 8.5 million sq. ft. of rooftop solar on self-storage buildings

Solar Landscape, the Asbury Park-based solar developer, has inked a new partnership that could lead to projects on at least 8.5 million square feet of rooftop space nationally.

Professional Services
REDCOM breaks ground on Middlesex headquarters for road striping business

A road striping company is getting a new headquarters in Middlesex Borough as part of a project that’s now underway by REDCOM Design & Construction.

Professional Services
Bussel Realty Corp. adds Doug Jaynes as sales associate with brokerage team

Bussel Realty Corp. has hired Doug Jaynes as a sales associate in its brokerage division, the Edison-based firm announced Monday.

Government & Public Policy
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.