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.

Features
Korinis, outgoing CREW NJ president, reflects on chapter’s push to expand philanthropy, member benefits

Krista Korinis is set to step down as president of CREW NJ, following a one-year term that has focused on philanthropy, creating new value for members and expanding networking opportunities.

Industrial
Seagis acquires vacant 30,000 sq. ft. warehouse in Carlstadt

Seagis Property Group has acquired more than 30,000 square feet of warehouse space in Carlstadt that it now plans to upgrade and market for lease, the firm announced.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.

Community
Sanzari Family Foundation details $50,000 in fall grant funding for nonprofits, health care

The Alfred N. Sanzari Family Foundation has awarded 12 new grants totaling $50,000 that will support a series of community-focused programs throughout northern New Jersey.

People
Woodmont’s Zlotnick to assume EVP role in Florida, as firm promotes Miller to COO

Lewis Zlotnick, Woodmont Properties’ longtime president, is shifting to a new role as executive vice president of the firm’s growing Florida division, in a move that comes alongside a key promotion on its executive team.

Retail
NAIDB inks 3,000 sq. ft. retail lease, $3.4 million industrial sale in Kenilworth

A dance studio has signed a new lease and an industrial building has changed hands, both in Kenilworth, under a set of deals arranged by NAI DiLeo-Bram & Co.

Industrial
Joint venture acquires 10-acre industrial outdoor storage property in Sayreville

Brennan Investment Group, Global Gate Capital and Ridgecut Road have acquired a 10-acre industrial outdoor storage property in Sayreville, the joint venture announced Monday.

Industrial
Petrucci breaks ground on Vineland cold storage facility, having built in 100+ municipalities

J.G. Petrucci Co. Inc. has broken ground on nearly 260,000 square feet of cold storage space in Vineland, in a project that marks a major milestone for the company.

Deals
Two-building, 16,000 sq. ft. commercial portfolio in Dumont sold for $2.6 million, Equity says

A business owner in Dumont has sold two commercial buildings totaling more than 16,000 square feet, in a newly announced deal by Equity Real Estate Brokerage LLC.

Industrial
New Jersey’s first high-end electric truck charging lot coming to Newark

The owner of what will be an electric truck charging lot in Newark has tapped Cushman & Wakefield as its leasing agent, in what brokers describe as a first for the New Jersey market.