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
STRO adds 77,000 sq. ft. small-bay warehouse in Fairfield

The STRO Cos. has acquired a nearly 77,000-square-foot industrial building near Route 46 in Fairfield, adding to its portfolio of small-bay warehouse space in the region.

Industrial
Blau & Berg: Brookfield signs lease for 36-door terminal on 4.2 acres in Jersey City

Brookfield Properties has secured a tenant for more than 19,000 square feet of industrial space on 4.2 acres in Jersey City, in a newly announced deal by The Blau & Berg Co.

Industrial
Vehicle logistics venture takes five-acre industrial outdoor storage site in Hamilton, BRC says

An automotive logistics platform has leased five acres of industrial outdoor storage space in Hamilton, brokers with Bussel Realty Corp. announced Monday.

Professional Services
Binswanger taps Hipschman, longtime CBRE New Jersey market leader, as CEO

Longtime CBRE New Jersey market leader Jeff Hipschman has joined Binswanger as its CEO, becoming the first non-family member to lead the real estate services firm in its 93-year history.

Industrial
Saxum, Meadow Partners acquire 80,000 sq. ft. flex industrial building in Hamilton

Saxum Real Estate and Meadow Partners have acquired some 80,000 square feet of industrial space on 16 acres in Hamilton, seeking to capture demand from shallow‐bay and flex users.

Top News
Then and now: Crow Holdings’ Jaeger, former Olympic swimmer and medalist, explains how competing at the highest level prepared him for a career in real estate development

Connor Jaeger, a two-time Olympic swimmer and silver medalist who grew up in Fair Haven, is now a development associate with Crow Holdings Development’s Montclair-based team. — Photos courtesy: Connor Jaeger/Crow Holdings By Joshua Burd You likely won’t hear Connor…

Industrial
JLL tapped to sell three-building, 262,000 sq. ft. industrial portfolio in Rockland County

The owner of nearly 262,000 square feet of warehouse and light industrial space just north of Bergen County is seeking a buyer for the portfolio, in a newly announced offering by JLL.

Industrial
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Industrial
Logistics firm takes 355,000 sq. ft. at new Crow Holdings industrial campus in Carteret

Crow Holdings Development has landed a second tenant for its new 1.2 million-square-foot industrial park in Carteret, leasing 355,000 square feet to a global logistics firm.

Industrial
Greek: Construction begins for 216,000 sq. ft. Mount Laurel cold storage project

RL Cold and BentallGreenOak have broken ground on a nearly 216,000-square-foot cold storage warehouse in Mount Laurel, with Greek Design|Build spearheading construction on their behalf.