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
Private buyer snags 93,000 sq. ft. Oakland warehouse for $14.7 million, JLL says

A private investor has purchased a 93,000-square-foot industrial building in Bergen County for $14.65 million, in a newly announced deal by JLL.

Industrial
Elberon’s Gibbons honored with Elizabeth Development Co. Lifetime Achievement Award

Elberon Development Group CEO Dave Gibbons has received the Lifetime Achievement Award from the Elizabeth Development Co., the public nonprofit organization that has helped guide economic growth in the city for more than 45 years.

Events
Denholtz, McGuinness among honorees slated for NAIOP New Jersey gala in May

Denholtz Properties CEO Steven Denholtz will be the latest recipient of NAIOP New Jersey’s lifetime achievement award, headlining a list of honorees for the chapter’s spring gala that will also include its own former longtime chief executive.

Industrial
Ridgecut closes on development site, eyes 146,000 sq. ft. warehouse project in Orange County

Ridgecut Road has closed on a development site in New York’s Orange County where it plans to build more than 146,000 square feet of new high-end industrial space.

Industrial
Goodman buys ex-Daily News printing plant in Jersey City, eyes redevelopment

By Joshua Burd Goodman Group has acquired the longtime site of the New York Daily News’ printing plant in Jersey City, with plans to repurpose or redevelop the complex as modern industrial space. The sellers, a partnership between the New…

Industrial
Demand soars for ‘community solar’ projects on warehouses, as state program enters new phase

Landlords are expanding their participation in New Jersey’s nation-leading Community Solar Energy Program, which allows property owners to lease their rooftops to solar developers, as the state transitions from a pilot phase to a permanent model.

Industrial
Lee & Associates inks sale of 34-acre industrial-zoned parcel in Morris County

A developer has acquired more than 30 acres of industrial-zoned property in the Morris County township of Mine Hill, brokers with Lee & Associates New Jersey announced.

Government & Public Policy
Gutierrez-Scaccetti to NAIOP: Warehouse fee would fund much-needed truck traffic planning

Business groups have lined up against Gov. Phil Murphy’s proposal to charge a fee on warehouses for each truck they receive, but a top state official said the levy is needed to address a chronic lack of traffic planning around new industrial developments.

Industrial
RLS Logistics to quadruple size of Delanco cold storage facility

Cold storage and logistics solutions firm RLS Logistics is growing its footprint in a major way with a planned 135,000-square-foot expansion in Burlington County.

Industrial
Holland Marble takes 3,700 sq. ft. at Freehold industrial park, Sheldon Gross says

A kitchen and bathroom countertop company has leased nearly 3,700 square feet of industrial space in Freehold, brokers with Sheldon Gross Realty announced last week.