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 promotes five after banner year for investments, development

Saxum Real Estate has promoted five members of its Summit-based team, following a year in which it reached more than $1 billion in capitalizations.

People
Larken promotes Nascimento to executive vice president of marketing

Larken Associates has promoted Melissa Nascimento to executive vice president of marketing, recognizing her work during more than 20 years with the Branchburg-based firm.

Industrial
Cervenka secures site plan approval, eyes Q4 delivery of 120,000 sq. ft. warehouse in Denville

Local officials in Denville have cleared the way for Cervenka Development Partners to build nearly 120,000 square feet of new high-end industrial space at a site just off Interstate 80.

Professional Services
Rock Brook unveils new logo, brand identity to mark 20-year milestone

Rock Brook is sporting a new look as the well-known consulting engineering firm marks a key milestone in its business.

Industrial
Invesco adds 216,000 sq. ft. South Brunswick warehouse, in JLL-brokered deal

Invesco Real Estate has acquired a 216,000-square-foot warehouse in South Brunswick, in a newly announced deal by JLL.

Industrial
ARB Parking adds four acres for additional lot near Newark Airport, Blau & Berg says

A parking lot operator has expanded its footprint near Newark Liberty International Airport with a new lease for more than four acres, brokers with The Blau & Berg Co. announced Monday.

Industrial
JLL: Owner-occupier seeking buyer for 169,000 sq. ft. light industrial building in Fairfield

The site of a nearly 170,000-square-foot light industrial building in Fairfield is on the market for sale, providing what brokers say is a value-add opportunity in a tight submarket.

Industrial
STRO, Moda Foods ink 23,000 sq. ft. industrial lease in Fairfield, C&W says

The STRO Cos. has secured a new tenant for a Fairfield industrial building after agreeing to lease nearly 23,000 square feet to a specialty foods distributor.

Industrial
Seagis Property Group names Ahmed as chief development officer

Seagis Property Group has appointed veteran commercial real estate executive Omer Mir Ahmed as its chief development officer.

Industrial
BRC: Food distributor, flooring business complete trade of 7,200 sq. ft. Belleville warehouse

A specialty foods distributor has sold more than 7,000 square feet of industrial space in Belleville, in a newly announced deal by Bussel Realty Corp.