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
Lincoln Equities Group eyes Q4 delivery for 886,000 sq. ft. UPS facility in Bayonne

Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.

Government & Public Policy
Bills targeting ‘warehouse sprawl’ unlikely to come from Trenton, top lawmakers say

With a new team of legislative leaders in place, New Jersey’s booming industrial market appears to be safe, for now, from state-imposed limits on new warehouse development.

Industrial
Resource Realty: Food startup takes 75,000 sq. ft. in Burlington for East Coast HQ, delivery hub

A meal delivery startup has opened a new facility and East Coast headquarters in Burlington, occupying a 75,000-square-foot former Kraft Foods complex just south of Route 130.

People
Denholtz hires new chief investment, financial officers

Denholtz Properties has made two key additions to its executive team to support its continued expansion plans in New Jersey and the Southeast.

Professional Services
Turse, Cadigan named principals with Avison Young New Jersey team

The leaders of Avison Young’s industrial brokerage team in New Jersey are now principals of the real estate services firm.

People
New hires in acquisitions, project management among latest hires for Saxum

Saxum Real Estate has continued its string of growth with six new hires aimed at strengthening its acquisitions, project and operations teams.

Industrial
Colliers inks sale of 60,000 sq. ft. Pennsauken industrial building

SNS Real Estate Investment Group LLC has purchased a fully occupied, 60,000-square-foot industrial building in Pennsauken.

Industrial
Investor buys Secaucus office, industrial building for $1.9 million

Marcus & Millichap has negotiated the sale of a 10,000-square-foot office and warehouse property in Secaucus for $1.9 million.

Industrial
Thor acquires Bogota development site, plans 150,000 sq. ft. industrial project

Thor Equities Group has unveiled plans to build a new 150,000-square-foot industrial building in Bergen County, eyeing further expansion of its platform in northern New Jersey.

Industrial
AY: Boston private equity firm completes 135,000 sq. ft. sale-leaseback in Parsippany

Boston-based Longpoint Realty Partners LP has completed a sale-leaseback in Parsippany, adding more than 135,000 square feet to its New Jersey portfolio.