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.

Labor force challenges: An intense and growing concern

Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.

NAI Hanson’s Todd earns prestigious SIOR designation

Another broker with NAI James E. Hanson has joined the ranks of the Society of Industrial and Office Realtors, making him the 12th current member of the firm to earn the designation.

Firsthand experience

To say that this month’s cover story is near and dear to me is somewhat tongue-in-cheek, but it’s also true. After all, I did spend five years working on the vast stretch of sprawling, landscaped office parks that is Davidson Avenue in the Somerset section of Franklin Township, which plays a prominent role in our February issue. As many of you know, the area is part of a 500-acre corporate business district along Interstate 287 that, in recent years, has grappled with millions of square feet of outdated and mostly vacant office space. Township officials are now meeting that challenge head-on, thanks in large part to a zoning change in late 2020 that paved the way for developers to repurpose those sites as industrial space.

BRC inks sale of 53,000 sq. ft. Lakewood industrial building

An investor has purchased a nearly 53,000-square-foot industrial building in Lakewood, in a newly announced transaction by Bussel Realty Corp.

Realterm buys two-building, 39,000 sq. ft. warehouse complex in Union Twp.

Investment manager Realterm has added to its fast-growing New Jersey portfolio, acquiring a two-building, 38,600-square-foot complex near Route 22 in Union Township.

Manufacturer takes 7,500 sq. ft. at Cherry Hill light industrial building, WCRE says

A growing manufacturer has leased nearly 7,500 square feet of light industrial space in Cherry Hill, in one of two recent deals by Wolf Commercial Real Estate.

Daunno Realty inks sale of 170,000 sq. ft. Cranford industrial building among latest deals

A private investor has acquired a nearly 170,000-square-foot industrial building in Cranford, in one of three recent transactions by Daunno Realty Services LLC.

NAI Hanson: Hillside industrial building sold, set to become parking lot for nearby user

A business in Hillside has purchased an adjacent industrial building that it now plans to knock down in order to create a parking lot, in a deal arranged by NAI James E. Hanson.

Saddleback gifts $10,000 to Spring Lake Toys Foundation to help children with rare illnesses

Saddleback Real Estate Developers has continued its support for a charity that helps families of children with rare illnesses receive essential medical services, announcing a recent $10,000 donation for what’s known as the Spring Lake Toys Foundation.

Woodmont adds industrial associate amid continued development, investment plans

Woodmont Industrial Partners has made an addition to its Fairfield-based team, as it eyes continued expansion in both the Northeast and other top logistics markets.