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
BRC: Auto export firm expands to Baltimore, leases 2.7-acre industrial property

An automobile exporter has leased a 2.7-acre industrial property near the Port of Baltimore, in a newly announced deal by Bussel Realty Corp.

Industrial
CBRE: Global Courier Express takes 160,000 sq. ft. at Kearny Point

A shipping and logistics company has leased more than 160,000 square feet across two buildings at Hugo Neu’s Kearny Point Industrial Park, brokers with CBRE announced Friday.

Community
Lee & Associates N.J. donates backpacks, school supplies to United Way of Passaic County

Brokers and staff with Lee & Associates New Jersey came together this month to support an annual school supply drive by the United Way of Passaic County.

Finance & Capital Markets
Lenders Capital closes $29.5 million in financing for deals in New Jersey, Florida

The owner of an industrial property in Hamilton has refinanced the asset for $18.4 million, in one of two deals announced by Lenders Capital Realty Services.

Industrial
BRC: Utility contractor takes 4,700 sq. ft. at Middlesex industrial building

A utility line contractor has leased nearly 5,000 square feet of industrial space in Middlesex Borough, in a newly announced deal by Bussel Realty Corp.

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.