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.

Deals
Fidelco, parking operator ink 4.5-acre lease near Newark Airport, Blau & Berg says

A parking lot operator has leased nearly five acres adjacent to Newark Liberty International Airport, in a newly announced deal by The Blau & Berg Co.

Industrial
March Construction set to break ground on new 70,000 sq. ft. industrial building in Wayne

Construction is set to begin on nearly 70,000 square feet of new industrial space in Wayne, helping to repurpose a site that’s long housed a storage yard for trucks and other equipment.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

Industrial
CenterPoint welcomes CODA Logistics to new 322,000 sq. ft. distribution center in Linden

CenterPoint Properties has taken the wraps off more than 320,000 square feet of new logistics space in Linden after having preleased the facility to a third-party logistics firm.

Industrial
Crow Holdings delivers new 207,000 sq. ft. warehouse at iconic Marcal site in Elmwood Park

Crow Holdings Development has completed a 207,000-square-foot industrial project in Elmwood Park, bringing new life to the former Marcal Paper plant after the historic complex was destroyed by fire more than five years ago.

Finance & Capital Markets
NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Top News
Larken Associates touts 943,000 sq. ft. in new commercial leases, renewals in 2023

Larken Associates has started 2024 with near full occupancy after a year in which it completed more than 420 commercial real estate transactions comprising nearly 943,000 square feet.

People
Devli adds Lebron, Tejada to spearhead development team

Devli Real Estate has hired Edwin Lebron and Jefferson Tejada to lead development initiatives for its Wallington-based team.

Professional Services
Franco, Ganas join Lee & Associates New Jersey as senior vice presidents

Lee & Associates New Jersey has hired seasoned brokers Monica Franco and Claudia Ganas as senior vice presidents in its Edison office.

Industrial
Ridgecut Road, Marcus Partners acquire 3.6-acre industrial site in South Plainfield

Ridgecut Road and Marcus Partners have acquired nearly four acres of low-coverage industrial property in South Plainfield, marking the firms’ second deal together in less than a year.