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.

Finance & Capital Markets
Owner lands $110 million loan for 850,000 sq. ft. Newark industrial building

The owner of a new 850,000-square-foot warehouse and distribution center in Newark’s port district has secured $110 million in permanent financing, according to JLL.

Industrial
Herbal extracts, ingredients maker renews 55,000 sq. ft. lease in Pine Brook, Newmark says

A maker of herbal extracts and other natural ingredients has renewed its 55,000-square-foot lease at a Morris County industrial building, in a deal arranged by brokers with Newmark.

Deals
CBRE: ETS office, industrial building in Ewing trades for $19 million

Educational Testing Service has sold a 310,000-square-foot office and industrial building in Ewing for nearly $19 million, brokers with CBRE announced Tuesday.

Industrial
Taconic, Nuveen acquire 296,000 sq. ft. Morris Twp. warehouse for $55 million

Two well-known institutional investors and frequent partners have acquired a nearly 300,000-square-foot industrial building in Morris County for $55 million.

Industrial
NAI Hanson: Hackensack industrial building sold to metal, pipe fitting company

A growing industrial user has purchased a 5,000-square-foot building in Hackensack, in a newly announced transaction by NAI James E. Hanson.

Industrial
Devli acquires 175,000 sq. ft. Meadowlands industrial building

Devli Real Estate has purchased a 175,000-square-foot industrial building in East Rutherford, marking the latest addition to its portfolio in northern New Jersey.

Top News
The best of The Briefing 2021

Dear readers, As we look ahead to 2022, we’re excited to look back at our top stories of 2021, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. Happy…

Industrial
CenterPoint adds to 8A holdings with 198,000 sq. ft. warehouse in Dayton

CenterPoint Properties has closed on a 198,000-square-foot industrial building in South Brunswick, its third acquisition in the Exit 8A submarket in six months.

Industrial
Faropoint buys 655,000 sq. ft. North Jersey industrial portfolio from Kushner for $133 million

A fast-growing investment firm has planted a flag in northern New Jersey, acquiring a 10-building industrial portfolio in Bergen and Morris counties for nearly $133 million.

Industrial
STRO announces new director of construction

The STRO Cos. has hired an industry veteran as its new director of construction.