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
Fabuwood Cabinetry takes 197,000 sq. ft. at Linden Logistics Center, CBRE says

A fast-growing cabinet maker has leased nearly 200,000 square feet at Linden Logistics Center, the new 4.1 million-square-foot industrial park in Linden developed by Advance Realty Investors, Greek Real Estate Partners and PGIM Real Estate.

Finance & Capital Markets
C&W: Developer inks $4.9 million acquisition, predevelopment loan for Edison parcel

A developer has landed a $4.9 million loan in connection with a 6.7-acre industrial parcel off Interstate 287 in Edison, in a deal arranged by Cushman & Wakefield.

Finance & Capital Markets
Greek lands $44 million construction loan for 287,000 sq. ft. Philly industrial project

Greek Real Estate Partners has secured a $44 million construction loan for what will be nearly 290,000 square feet of new industrial space in Philadelphia, its first project in the submarket.

Industrial
LXP Industrial Trust sells 127,000 sq. ft. flight training facility in Whippany, JLL says

A real estate investment trust has sold a nearly 130,000-square-foot flight training facility in the Whippany section of Hanover, in a deal arranged by JLL’s New Jersey capital markets team.

Professional Services
GZA promotes Parekh, engineer and LSRP in New Jersey, to associate principal

GZA GeoEnvironmental Inc. has named a new associate principal in New Jersey after a promotion on its environmental engineering team.

Industrial
Silverman adds 41,000 sq. ft. Hillsborough industrial building in $8.3 million sale-leaseback

An affiliate of The Silverman Group has purchased a nearly 41,000-square-foot industrial building in Hillsborough, in a newly announced deal by Cushman & Wakefield.

Industrial
Solar Landscape expands community solar portfolio with newly activated project in Union

Rooftop solar developer Solar Landscape has activated another project in New Jersey, in Union Township, where it will generate clean energy at a discount to more than 260 nearby homes.

Cover Story
Kennedy details top policy, organizational goals after taking over as NAIOP New Jersey CEO

Dan Kennedy is now at the helm of NAIOP New Jersey after taking over as CEO on Aug. 1, with plans to tackle a host of key public policy issues and visions of bolstering what is already one of the commercial real estate association’s strongest and most-respected local chapters.

Top News
Buyer wanted for nine-acre, commercially zoned site in Hunterdon, Lee & Associates says

The owner of a nine-acre development site in Clinton is seeking a buyer for the Route 22 property, brokers with Lee & Associates New Jersey announced Wednesday.

Industrial
Sheldon Gross: Electrical contractor association takes 5,000 sq. ft. in Somerset

The New Jersey Independent Electrical Contractor Association has leased 5,000 square feet of commercial space in Franklin’s Somerset section, in a deal arranged by Sheldon Gross Realty.