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
Cervenka closes on 19-acre parcel in Denville, eyes 119,000 sq. ft. industrial project

Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday.

Industrial
Crow Holdings, logistics firm ink 188,000 sq. ft. deal for first lease at Carteret industrial park

Crow Holdings Development has secured its first tenant at a new 1.2 million-square-foot industrial park in Carteret, leasing 188,000 square feet to a third-party logistics firm.

Government & Public Policy
Turnpike Authority unveils impact study for replacing, widening Newark Bay extension

The New Jersey Turnpike Authority has taken a key step in its plan to replace a major piece of the Newark Bay-Hudson County Extension, the critical but chronically congested artery that connects the highway to Bayonne and Jersey City.

Events
NAIOP New Jersey unveils President’s Awards, Hall of Fame honorees for Nov. 6 program

NAIOP New Jersey will honor eight members and commercial real estate industry leaders next month when it hosts its annual President’s Awards and Hall of Fame Dinner.

Industrial
Woodmont, logistics firm ink 54,000 sq. ft. lease at new Woodbridge industrial building

Woodmont Industrial Partners has leased more than 54,000 square feet at its newly completed industrial property just off Route 440 in Woodbridge.

Industrial
JLL: Construction set to slow in New Jersey industrial market, easing supply of new deliveries

New construction is outpacing leasing volume in New Jersey’s industrial real estate market, but a new report suggests that could change as development becomes increasingly difficult.

Industrial
Supply chain solutions firm for freight, e-commerce takes 120,000 sq. ft. in North Brunswick

A supply chain management company has leased 120,000 square feet at a North Brunswick industrial building, in a newly announced deal by Bussel Realty Corp.

Industrial
CenterPoint taps Clewlow, Charlton as new chief operating and investment officers

CenterPoint Properties has announced new positions for two key executives who have guided its growing industrial portfolio across the country, including New Jersey.

Top News
Larken Associates mourns passing of longtime CFO Babette Rutman

Larken Associates is mourning the loss of Babette Rutman, its former chief financial officer and a key member of its Branchburg-based team over more than 25 years.

Industrial
NAI Hanson: New supply pushes up New Jersey industrial vacancy in Q3, despite strong leasing

Vacancy in New Jersey’s industrial market rose in the third quarter despite steady demand, as developers added nearly 4 million square feet of supply with the completion of large projects.