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.

People
Saxum’s Vitiello promoted to controller

Saxum Real Estate has promoted Chris Vitiello to the post of controller with its Summit-based team.

Industrial
Ware Malcomb details design for 761-unit self-storage project in Budd Lake

A developer has completed a new four-building, 761-unit self-storage complex in Morris County as part of a project designed by Ware Malcomb.

Finance & Capital Markets
Frassetto Cos. inks $10 million loan for new Hudson Valley warehouse, in JLL-brokered deal

Frassetto Cos. has landed $10 million in permanent financing for more than 80,000 square feet of new warehouse space in New York’s Orange County, brokers with JLL announced.

Industrial
Smaller deals by 3PL, food and beverage firms boost New Jersey industrial leasing, CBRE says

Smaller deals are looming large in New Jersey’s industrial market, helping to drive occupancy gains as developers eye continued momentum in the second half of the year.

Industrial
B&D, J.P. Morgan Asset Management add 205,000 sq. ft. North Brunswick industrial portfolio

B&D Holdings and investors advised by J.P. Morgan Asset Management have acquired a 205,000-square-foot portfolio of shallow-bay industrial buildings in North Brunswick.

Deals
Fennelly: Comfort Keepers buys 7,500 sq. ft. Hamilton commercial property for $1 million

At-home care provider Comfort Keepers has acquired a 7,500-square-foot mixed-use building in Hamilton for $1 million, brokers with Fennelly Associates announced Wednesday.

Industrial
Industrial user takes 21,000 sq. ft. near Port Newark, in deal arranged by Blau & Berg

The owner of a 175,000-square-foot industrial complex in Elizabeth has secured a new tenant with a recently completed, 21,000-square-foot lease at the property.

Industrial
Hugo Neu, trucking firm sign deal for Kearny outdoor storage site, BRC says

A trucking company has expanded its footprint in Kearny after leasing a two-acre industrial outdoor storage property, brokers with Bussel Realty Corp. announced.

Industrial
Denholtz, pickleball franchise ink 41,000 sq. ft. lease at new Hamilton flex building

Denholtz Properties has landed a tenant for a new light industrial building in Hamilton, inking a nearly 41,000-square-foot deal with a growing pickleball court franchisee.

Finance & Capital Markets
LEG scores $61 million construction loan for 420,000 sq. ft. Hamilton industrial project

Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.