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
Faropoint sells 44,000 sq. ft. Somerdale warehouse in NAI Mertz-brokered deal

Faropoint has sold a more than 44,000-square-foot industrial building in Camden County for $6.4 million, brokers with NAI Mertz announced Monday.

Industrial
Turnbridge, logistics firm ink 255,000 sq. ft. lease at Bayonne industrial complex

Turnbridge Equities has landed a tenant for a newly acquired industrial complex in Bayonne, leasing more than 255,000 square feet to a global logistics firm.

Industrial
Crow Holdings, BroadRange ink 480,000 sq. ft. deal to lease up new Carteret logistics campus

Crow Holdings Development has secured a full-building, 480,000-square-foot lease in Carteret to bring a new 1.2 million-square-foot industrial campus to full occupancy.

Industrial
BRC fills 16,000 sq. ft. Garwood industrial building with two new leases

The owner of a 16,000-square-foot industrial building in Garwood has secured two tenants for the property, in a set of newly announced deals by Bussel Realty Corp.

Industrial
Reports: Industrial vacancy still rising in New Jersey, but 3PL deals remain a bright spot

Logistics firms are helping to keep a lid on rising industrial vacancy in New Jersey, providing modest relief as landlords deal with excess construction and growing sublease options.

Industrial
Sanzari leases 11,000 sq. ft. in South Hackensack to restaurant supply store

A restaurant supply business has found a new home in South Hackensack after agreeing to lease more than 11,000 square feet of commercial space from Alfred Sanzari Enterprises.

Industrial
Global metal supplier inks 85,000 sq. ft. renewal at Parsippany industrial building

A metal service center and distribution network in Parsippany has signed a lease renewal for more than 85,000 square feet, brokers with CBRE announced Tuesday.

Industrial
New 236,000 sq. ft. logistics campus in Somerset lands two tenants, CBRE says

CBRE Investment Management has filled nearly 236,000 square feet of new industrial space in the Somerset section of Franklin, securing two tenants after recently acquiring the complex.

Industrial
PNK Group adds another South Jersey development site, eyeing 270,000 sq. ft. warehouse

Industrial developer PNK Group has acquired more than 53 acres in Camden County, with plans to build some 270,000 square feet of logistics space as part of its growing footprint in the state.

Featured
QCRE: Newark warehouse sells for $1.2 million, with buyer set to move from Brooklyn

An industrial user is relocating to Newark after acquiring an 8,400-square-foot warehouse in the city, according to a brokerage team with The Quinas Companies Inc.