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
JLL: Construction set to slow in New Jersey industrial market, easing supply of new deliveries

New construction is outpacing leasing volume in New Jersey’s industrial real estate market, but a new report suggests that could change as development becomes increasingly difficult.

Industrial
Supply chain solutions firm for freight, e-commerce takes 120,000 sq. ft. in North Brunswick

A supply chain management company has leased 120,000 square feet at a North Brunswick industrial building, in a newly announced deal by Bussel Realty Corp.

Industrial
CenterPoint taps Clewlow, Charlton as new chief operating and investment officers

CenterPoint Properties has announced new positions for two key executives who have guided its growing industrial portfolio across the country, including New Jersey.

Top News
Larken Associates mourns passing of longtime CFO Babette Rutman

Larken Associates is mourning the loss of Babette Rutman, its former chief financial officer and a key member of its Branchburg-based team over more than 25 years.

Industrial
NAI Hanson: New supply pushes up New Jersey industrial vacancy in Q3, despite strong leasing

Vacancy in New Jersey’s industrial market rose in the third quarter despite steady demand, as developers added nearly 4 million square feet of supply with the completion of large projects.

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.