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
Investor demand for industrial space soaring to new heights, as rents rise at record pace

Industrial rents in New Jersey and other top markets are rising at unprecedented rates, leaving investors hungrier than ever for properties across the asset class.

Industrial
Investor sells 95,000 sq. ft. industrial building in Union, Blau & Berg says

A private investor has sold a multitenant, 95,000-square-foot industrial building in Union Township, according to a brokerage team with The Blau & Berg Co.

Industrial
Sanzari inks 11,000 sq. ft. renewal with printer, its oldest tenant, in South Hackensack

Alfred Sanzari Enterprises has negotiated a lease renewal with The Print Group, its oldest tenant, for 11,015 square feet of industrial space in South Hackensack.

Industrial
STRO, Millstein family office acquire 90,000 sq. ft. industrial asset in Passaic

The Millstein family office and The STRO Cos. have completed their purchase of a 90,000-square-foot industrial property in Passaic.

Industrial
Dumpster, garbage service provider buys Ridgefield Park parcel, NAI Hanson says

NAI James E. Hanson has negotiated the sale of a 3.5-parcel in Ridgefield Park.

Industrial
Resource Realty: Biotech firm takes 76,000 sq. ft. at new East Hanover industrial building

The developer of a new industrial facility in East Hanover has signed a full-building lease for nearly 76,000 square feet, according to Resource Realty of Northern New Jersey.

Industrial
Russo, PGIM eye 200,000 sq. ft. industrial building after buying Mahwah office property

A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.

Deals
Shelbourne, Avison Young tout 173,000 sq. ft. in deals in Piscataway, Bloomfield

A biotechnology firm has leased nearly 57,000 square feet in Piscataway, in one of three newly announced deals by Avison Young on behalf of Shelbourne Global.

Industrial
Realterm acquires 72,000 sq. ft. North Bergen warehouse

Investment manager Realterm has made its second acquisition in North Bergen, adding a 72,000-square-foot warehouse sitting on nearly four acres.

Industrial
E-Bike company takes 16,700 sq. ft. in East Brunswick sublease, BRC says

An electric bicycle company has subleased nearly 17,000 square feet of industrial space in East Brunswick, in a newly announced transaction by Bussel Realty Corp.