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
CBRE: Cold storage user, longtime tenant at Kearny Point, renews for 228,000 sq. ft.

A cold storage warehousing company has signed a lease renewal at the Kearny Point Industrial Park, where it occupies nearly 230,000 square feet under a deal with Hugo Neu.

Finance & Capital Markets
Criterion Group, Columbia Pacific ink $132 million refi for outdoor storage portfolio

A joint venture has refinanced a nine-state, 22-property portfolio of industrial outdoor storage parcels for more than $132 million, in a newly announced deal by JLL.

Technology
Solar Landscape, Public Storage to build community solar on 133 buildings in three states

Solar Landscape, the rooftop solar developer based in Asbury Park, has inked a sweeping deal that will bring its installations to more than 130 Public Storage properties in three states.

Professional Services
Foundational strength: Organic growth, key acquisitions have fueled GZA’s rapid rise in New Jersey

GZA GeoEnvironmental Inc. has followed a strategy of steady, organic growth and key acquisitions in New Jersey that have strengthened both its foothold and its technical prowess in the region, where it has grown from 40 professionals in 2017 to nearly 120 today.

People
Larken taps longtime residential leasing agent for new post with commercial team

Larken Associates has announced a new addition to Raider Realty, its in-house commercial brokerage division, tapping a longtime member of its residential team for the post.

Industrial
Lee & Associates: Water filtration company takes 16,000 sq. ft. in Whippany

A water technology company has leased 16,000 square feet of industrial space in the Whippany section of Hanover, according to a brokerage team with Lee & Associates New Jersey.

Professional Services
Sitar hires new sales associate focused on industrial, multifamily

Sitar Realty Co. has announced the addition of a sales associate to its Woodbridge-based team of brokerage professionals.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Industrial
Developer eyes spring 2024 delivery for new 102,000 sq. ft. Somerset warehouse, BRC says

A developer has broken ground on a project that will add more than 100,000 square feet to Franklin’s fast-growing industrial market, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bakery ingredients maker adds 433,000 sq. ft. in New Jersey, California deals

A growing maker of bakery ingredients has added nearly 433,000 square feet after a series of industrial deals in New Jersey and California, according to a broker with NAI Mertz.