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
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.

Office
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
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.

Industrial
Duke Realty names new development associate in New Jersey

Duke Realty has hired Gregg Bazzani as a development associate in New Jersey.

Industrial
Top brokerage team led by Lissner, Waxman joins C&W industrial group

A team led by two of the state’s top industrial brokers has joined Cushman & Wakefield, bringing a vast network of owner and occupier clients in an asset class that has soared to unprecedented levels in recent years.