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.

Editor’s Note
Right place, right time

As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.

Industrial
STRO, KRE add 134,000 sq. ft. in Florida with two latest industrial deals in Tampa

The STRO Cos. and KRE Group have added to their Southeast industrial portfolio with two recent acquisitions in the Tampa submarket.

Top News
NAIDB: Commercial sales in seven northern, central N.J. counties total $1.4 billion in H1

Commercial property sales are trending upward in a key swath of northern and central New Jersey, with industrial, office and retail trades totaling $1.4 billion in the first half of 2025.

Industrial
Seagis, ecommerce firm ink 211,000 sq. ft. lease at new Kearny warehouse, JLL says

Seagis Property Group has filled more than 211,000 square feet of new industrial space in Kearny after inking a lease with a growing ecommerce firm, according to brokers with JLL.

Finance & Capital Markets
Secaucus warehouse owner lands $23 million permanent loan, G.S. Wilcox says

The owner of a 200,000-square-foot warehouse in Secaucus has closed on $23 million in permanent financing, in a newly announced deal by G.S. Wilcox & Co.

Industrial
JLL named leasing team for 250,000 sq. ft. industrial building on Manhattan’s West Side

Essex Capital has tapped JLL’s East Rutherford-based Northeast Industrial group as its leasing agent for a full-block, 250,000-square-foot logistics facility on Manhattan’s West Side.

Industrial
NAIDB arranges Union County industrial sales totaling $5 million

An HVAC company has purchased a 6,000-square-foot industrial building in Linden, in one of two newly completed deals in Union County by NAI DiLeo-Bram & Co.

Industrial
Federal Business Centers, uniform company ink 6,400 sq. ft. lease in Edison, BRC says

An athletic uniform company has taken nearly 6,400 square feet of industrial space in Edison’s Raritan Center, brokers with Bussel Realty Corp. announced Wednesday.

Industrial
Investor buys 6,300 sq. ft. Newark warehouse in all-cash deal, QCRE says

A local investor has purchased a nearly 6,300-square-foot industrial property in Newark for $1 million, in a newly announced deal by The Quinas Cos. Inc.

Industrial
Brookfield taps RRNNJ to lease spec 422,000 sq. ft. warehouse in Orange County

Brookfield Properties has named Resource Realty of Northern New Jersey as its leasing team for a new 422,000-square-foot speculative distribution center in New York’s Orange County.