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.

Government & Public Policy
Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse

Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.

Events
CBRE’s Villa to host CRE executives, brokers for high-profile women’s networking event

Clockwise, from top left: Adenah Bayou, Zenobia Fields, Kate Granahan, Bridget Wilcox, Marta Villa, Suzanne Macnow and Karly Iacono will take part in a panel discussion at the inaugural Rush CRE Women’s Networking Event on Wednesday, Nov. 12, at the…

Industrial
Logistics, fulfillment firms take 879,000 sq. ft. in newest deals at Old Bridge industrial park

2020 Acquisitions has landed three new tenants for its massive Central 9 Logistics Park in Old Bridge, filling nearly 879,000 square feet in a set of deals arranged by Cushman & Wakefield.

Industrial
Lee & Associates: Heller inks 50,000 sq. ft. lease in Edison with ecommerce fulfillment firm

Heller Industrial Parks has leased some 50,000 square feet in Edison to an ecommerce fulfillment firm, in a newly announced deal by Lee & Associates – WBE New Jersey.

Industrial
Sitex Group, reverse logistics firm ink lease for new-look industrial property near Exit 12

Sitex Group has repositioned a low-coverage industrial site in the Avenel section of Woodbridge, securing a lease with a fast-growing reverse logistics company.

Industrial
BRC: Budd Development scores full-building, 42,000 sq. ft. industrial lease in Dayton

Budd Development Co. has signed a full-building tenant for a 42,000-square-foot industrial property in South Brunswick’s Dayton section, according to a broker with Bussel Realty Corp.

Editor’s Note
High stakes for CRE

Advocacy is central to a four-year strategic plan that NAIOP New Jersey unveiled at the start of 2025, as are other key goals such as creating new value for NAIOP members and improving the perception that public officials, residents and other outside stakeholders have of the commercial real estate sector. The blueprint also calls for elevating the chapter’s position in the industry, enhancing partnerships with academia and expanding its community service programs.

Industrial
Logistics projects in Parsippany, Hamilton change hands as FRP acquires Altman platform

Development firm FRP Holdings Inc. has acquired interests in two New Jersey industrial projects as part of a larger deal for what’s known as Altman Logistics Properties LLC.

Cover Story
On the horizon: NAIOP New Jersey is future-focused (at a pivotal time), with strategic plan in place and a governor’s race looming

This year’s gubernatorial and legislative elections loom large amid NAIOP New Jersey’s new four-year strategic plan and its focus on advocacy, creating new value for its members and elevating the commercial real estate sector in the minds of outside stakeholders.

Finance & Capital Markets
Madison, 2020 Acquisitions close $654 million loan for massive Old Bridge logistics park

The next phase of a 4.1 million-square-foot industrial campus in Old Bridge is moving ahead with the help of a $654 million mortgage and mezzanine loan from Madison Realty Capital.