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
Fennelly named leasing agent for 27,000 sq. ft. Trenton industrial building

The owner of more than 27,000 square feet of industrial space in Trenton has tapped Fennelly Associates to market the property for lease, the real estate services firm announced.

Industrial
Logistics firm takes 15,000 sq. ft. at Freehold flex park, Sheldon Gross says

A logistics firm has leased nearly 15,000 square feet of office and industrial space in Freehold, in a newly announced deal by Sheldon Gross Realty.

Professional Services
Punia Co.’s Tiger installed as IOREBA president alongside newest board officers

The Industrial and Office Real Estate Brokers Association has installed its newest slate of board officers, with plans for continued expansion of its networking and educational platform.

Industrial
Electric sports car maker moving from Spain to Sussex County, NAI Hanson says

An electric sports car manufacturer is moving from Spain to Sussex County after leasing more than 10,000 square feet of industrial flex space in Lafayette Township.

Technology
More than buzzwords: How Faropoint is using data, artificial intelligence to gain an edge in industrial deals

Investment firm Faropoint is using artificial intelligence to generate new insights on properties, improve its underwriting and support its growing industrial platform, providing a glimpse at a technology that is far from perfect but primed to disrupt commercial real estate in the years to come.

Industrial
Dalfen buys new 110,000 sq. ft. warehouse in Somerset, in firm’s first Central Jersey deal

Investment firm Dalfen Industrial has expanded to central New Jersey with its purchase of a nearly 100,000-square-foot warehouse in Franklin’s Somerset section.

Industrial
Denholtz completes new 41,000 sq. ft. flex industrial building in Hamilton

Denholtz Properties has delivered more than 40,000 square feet of new flex industrial space in Hamilton with the completion of a project just off Interstate 195.

Finance & Capital Markets
PGIM lends $103 million for Pennsauken industrial portfolio deal

PGIM Real Estate has provided $103 million in fixed-rate financing to the buyer of more than 1 million square feet of industrial space in Pennsauken.

Policy Page
Hospitality: A real game changer — it all comes down to people

In prepping for this piece, I reviewed the 72 articles I wrote since 2017 to identify common themes. Unsurprisingly, the common denominator was the crucial need to change how we do business with the end goal of improving people’s lives for a simpler and better quality of life — one that is less taxing and costly and more efficient and effective.

Government & Public Policy
Solar Landscape, Sudler mark completion of rooftop community solar project in Piscataway

A new rooftop solar project at a Piscataway warehouse is now complete after being connected to the grid, allowing it to provide discounted energy to nearly 300 households in the area.