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.

Event Coverage
NAIOP New Jersey honors seasoned executives, aspiring leaders at annual awards dinner, in show of strength for state’s commercial real estate industry

Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.

Technology
Solar Landscape plans more than 100 new hires in 2024 to support its rapid growth

Solar Landscape plans to add more than 100 employees in 2024, the Asbury Park-based firm announced, as it eyes continued growth and cements its place as a leading provider of solar energy to lower-income households across the state and nationally.

Finance & Capital Markets
G.S. Wilcox sources $16 million loan for ShopRite-anchored center in Flemington

The owner of a grocery-anchored shopping center on Route 202 in Flemington has snagged $16 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Industrial
Food distributor signs 80,000 sq. ft. renewal at Edison industrial building, BRC says

A food distributor has renewed its lease at an 80,000-square-foot industrial building in Edison, in a newly announced deal by Bussel Realty Corp.

Professional Services
Sheldon Gross tapped to manage commercial portfolio in Union, Middlesex counties

The owner of an office and industrial portfolio in Union and Middlesex counties has tapped Sheldon Gross Realty to manage the properties.

Industrial
JLL: Urban Edge sells 1.2 million sq. ft. East Hanover industrial portfolio for $218 million

Urban Edge Properties has sold a seven-building, 1.22 million-square-foot light industrial portfolio in East Hanover for nearly $218 million, brokers with JLL announced Thursday.

Industrial
Crow Holdings, local officials mark debut of 1.2 million sq. ft. logistics park in Carteret

Carteret’s newest industrial campus was on full display this week as Crow Holdings Development unveiled a three-building, 1.2 million-square-foot development just off the New Jersey Turnpike.

Industrial
Blau & Berg: Tenant leases nine-acre outdoor storage site in Wayne for Amazon delivery vans

A shipping company has leased a nine-acre trucking facility near the eastern edge of Wayne, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
Affinius Capital lends $102 million for 700,000 sq. ft. Burlington industrial project

Affinius Capital LLC has closed a $102 million construction loan for a 700,000-square-foot industrial project at the western edge of Burlington County, just outside Philadelphia.

Industrial
JLL: Denholtz secures JV equity for multistate, 631,000 sq. ft. light industrial portfolio

Denholtz Properties has recapitalized a portfolio of more than 631,000 square feet of light industrial space in New Jersey and Pennsylvania, brokers with JLL announced Thursday.