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.

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Inflation and the effects on new construction in 2022

As the United States tries to claw its way out of the COVID-19 pandemic, a long-discussed concern in the market has finally started to come to fruition and affect the economy globally. A disrupted supply chain, labor shortages and record government stimulus has begun to drive prices higher leaving nearly all industries uncertain of what the future holds. For the real estate and construction industry, an elevated inflation rate and the setbacks from the pandemic have resulted in what some call a perfect storm that is showing to have a magnified impact on the development costs and timelines of new projects.

New Jersey has many blessings to count

As we come to the end of another challenging year, it’s a good time to reflect on the many blessings New Jersey can count.

CBRE: Central Jersey leads U.S. industrial markets in ‘sticker shock’ for tenants

Industrial tenants in central New Jersey are facing a nearly 64 percent rent hike from leases they signed five years ago, CBRE found, marking the highest such figure of any region in the U.S.

Deluccia inks sale of development site for Bridgewater medical office building

A developer has acquired a property in Bridgewater that’s now slated to become a new 43,000-square-foot medical office building, in a deal arranged by Deluccia Commercial Group.

Wharton Industrial adds seven buildings in South Jersey, eastern Pennsylvania

An investment firm has expanded its portfolio by more than 450,000 square feet with the addition of seven industrial properties in southern New Jersey and eastern Pennsylvania.

BRC inks sale of 8,000 sq. ft. repair facility in Sayreville

A company that repairs shipping trailers has purchased an 8,000-square-foot industrial building in Sayreville, under a deal arranged by Bussel Realty Corp.

Sanzari, BioReference ink 160,000 sq. ft. renewal in Elmwood Park

One of the nation’s largest specialty laboratories has renewed its three-building, 160,000-square-foot lease across three Elmwood Park properties owned by Alfred Sanzari Enterprises.

First Industrial plans 208,000 sq. ft. logistics project in Bordentown, NAI Mertz says

A developer has purchased a 20-acre parcel in Bordentown, where it plans to build more than 200,000 square feet of new logistics space near the junction of two major highways.

Junk hauler buys Howell industrial site for $1.2 million, Sheldon Gross says

A junk removal company has paid $1.2 million for a roughly three-acre industrial property in Howell, in a newly announced transaction by Sheldon Gross Realty.

Donnelly eyes start of 25,000 sq. ft. warehouse project in Wayne

A construction firm has announced plans for a new 25,000-square-foot industrial building in Wayne, the first of two slated for a site at the western edge of the township.