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
NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Top News
Larken Associates touts 943,000 sq. ft. in new commercial leases, renewals in 2023

Larken Associates has started 2024 with near full occupancy after a year in which it completed more than 420 commercial real estate transactions comprising nearly 943,000 square feet.

People
Devli adds Lebron, Tejada to spearhead development team

Devli Real Estate has hired Edwin Lebron and Jefferson Tejada to lead development initiatives for its Wallington-based team.

Professional Services
Franco, Ganas join Lee & Associates New Jersey as senior vice presidents

Lee & Associates New Jersey has hired seasoned brokers Monica Franco and Claudia Ganas as senior vice presidents in its Edison office.

Industrial
Ridgecut Road, Marcus Partners acquire 3.6-acre industrial site in South Plainfield

Ridgecut Road and Marcus Partners have acquired nearly four acres of low-coverage industrial property in South Plainfield, marking the firms’ second deal together in less than a year.

Industrial
CVS takes 427,000 sq. ft. at new 86-acre logistics park in Jersey City

CVS has leased more than 427,000 square feet of new industrial space in Jersey City, becoming the latest tenant to commit to an 86-acre campus just north of Route 1&9.

Industrial
Scannell, Soligent ink 55,000 sq. ft. industrial lease in Millstone, Avison Young says

A solar panel distributor has leased nearly 55,000 square feet of industrial space in the Monmouth County township of Millstone, brokers with Avison Young announced.

Industrial
Logistics firm inks full-building, 469,000 sq. ft. sublease at Piscataway warehouse, C&W says

A logistics user has signed a sublease to take over a 469,000-square-foot industrial building in Piscataway, in a newly announced deal by Cushman & Wakefield.

Industrial
Blau & Berg: PSEG buys Kenilworth warehouses amid plan to expand substation

Public Service Electric & Gas has acquired two adjacent properties in Kenilworth that will allow it to expand its electrical grid, brokers The Blau & Berg Co. announced Monday.

Industrial
Bridge Industrial buys two-level, 128,000 sq. ft. property in Queens

Bridge Industrial has added to its footprint in the region after acquiring more than 128,000 square feet in the New York City borough of Queens.