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
Clarion sells 203,000 sq. ft. Monroe industrial building for $54 million

Clarion Partners has sold a 203,000-square-foot industrial building in Monroe for nearly $54 million, in a newly announced deal by CBRE.

Industrial
Hamilton development site zoned for cannabis grow, manufacturing space on the market

A development site in Hamilton is on the market, with the potential to house nearly 75,000 square feet of industrial space and cannabis cultivation or manufacturing.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Industrial
NAI Hanson promotes Todd to managing director, institutional services

NAI James E. Hanson has promoted a veteran broker, recognizing his role in dozens of deals in recent years and his growing roster of institutional clients.

People
STRO adds industry veteran Fitch as managing director of acquisitions, capital markets

The STRO Cos. has named a new managing director of acquisitions and capital markets to support its expansion beyond the Garden State.

Industrial
KSR: Investment firm buys seven-acre Old Bridge industrial property for $7.6 million

Dalfen Industrial has added to its New Jersey portfolio with the acquisition of a nearly seven-acre parcel in Old Bridge, in a deal arranged by Kassin Sabbagh Realty.

Finance & Capital Markets
G.S Wilcox sources $10.2 million loan for new Hampshire self-storage facility

The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox & Co.

Industrial
Developer eyes 490,000 sq. ft. of new industrial space minutes from Lincoln, Holland tunnels

Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.

Industrial
Voorhees self-storage project lands $12.1 million construction loan, report says

The developer of a new self-storage facility in Voorhees reportedly has secured more than $12 million in construction financing for the project.

Finance & Capital Markets
JLL arranges acquisition financing, JV equity for $23.5 million industrial deal in Sayreville

The buyer of an industrial outdoor storage property in Sayreville has secured acquisition financing for the nearly $24 million deal, brokers with JLL announced Thursday.