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.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Finance & Capital Markets
Saxum, BGO partner for recap of 1.5 million sq. ft. national cold storage portfolio

Saxum Real Estate has recapitalized a six-property, 1.5 million-square-foot portfolio of cold storage buildings under a newly completed partnership with a national investment firm.

Industrial
Solar Landscape debuts two rooftop projects at Exit 8A as clean energy program accelerates

Solar Landscape has completed its latest projects in New Jersey with the debut of rooftop solar installations at two warehouses in the Exit 8A submarket.

Industrial
Four-building, 1 million-square-foot warehouse portfolio on the market for sale in Secaucus

A family office is seeking a buyer for 1 million square feet of industrial space in the Meadowlands, offering a portfolio that reportedly could trade for some $400 million.

Industrial
Sporting goods business takes 5,000 sq. ft. at Somerset industrial building, BRC says

A sporting goods supplier has signed a 5,000-square-foot industrial lease in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Industrial
AEP, equipment rental company ink 22,000 sq. ft. lease in Jersey City, Blau & Berg says

An equipment leasing and rental company has taken more than 22,000 square feet of industrial space on three acres in Jersey City, brokers with The Blau & Berg Co. announced Monday.

Industrial
Faropoint secures investment from Invesco Real Estate, eyeing continued growth

Faropoint, the fast-growing investment firm focused on last-mile industrial properties, has sold a minority stake in its business to Invesco Real Estate.

Industrial
Former longtime Heller leasing executive Paster joins BRC as vice president

Bussel Realty Corp. has deepened its bench with the addition of David Paster, a longtime leasing executive at Heller Industrial Parks and other New Jersey commercial real estate firms.

Hospitality & Tourism
TFE sells East Windsor hotel after three decades, adds first industrial flex property

TFE Properties has sold one of its longtime hotel properties in New Jersey, having also expanded to a new asset class with an acquisition less than 30 miles away.

Industrial
Newmark: Investor buys 405,000 sq. ft. industrial portfolio in Carteret, West Caldwell

A five-building, 405,000-square-foot portfolio of new industrial space in Carteret and West Caldwell has changed hands, in a deal arranged by brokers with Newmark.