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.

Buyer adds 138,000 sq. ft. Linden industrial property for $15 million, BRC says

An industrial buyer has paid $15 million for a multitenant, 138,000-square-foot property in Linden, in a newly announced transaction by Bussel Realty Corp.

Solar Landscape completes first-round projects, eyes year two of state pilot program

Solar Landscape has completed its eighth and final project under the first year of a state program that uses commercial-scale installations to create discounted energy for residents.

Avison Young adds Troiano, Gianis to New Jersey industrial team

Avison Young has hired two veteran brokers as the latest additions to its New Jersey industrial services team.

Salem County self-storage asset sells for $2.5 million, Marcus & Millichap says

Marcus & Millichap has negotiated the sale of Woodstown Mini Storage, a 22,480-square-foot self-storage facility in the Salem County township of Pilesgrove.

Faropoint adds 140,000 sq. ft. warehouse in Delanco sale-leaseback deal, NAI Mertz says

Faropoint has added to its New Jersey portfolio with the purchase of a 140,000-square-foot industrial building in Burlington County, in a newly announced deal by NAI Mertz.

E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

JLL: Buyer wanted for 127,000 sq. ft. CAE training center in Whippany

The site of a fully leased aviation training center in Morris County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Distributor, sponge maker combine for 172,000 sq. ft. in Pennsauken, Colliers says

A mobile accessory distributor has leased more than 110,000 square feet of new industrial space in Pennsauken, in one of two newly announced transactions by Colliers.

Industrial leasing, pricing starts strong in 2022 amid ongoing supply constraints in New Jersey

Rents for warehouse and logistics space continue to climb across much of New Jersey, where landlords saw a first-quarter uptick in leasing activity after a momentary lull in late 2021.

Lincoln Equities Group eyes Q4 delivery for 886,000 sq. ft. UPS facility in Bayonne

Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.