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
JLL: Organic food maker snags $23 million loan to acquire 209,000 sq. ft. facility in Logan

A food manufacturer has landed a $23 million acquisition loan for a nearly 210,000-square-foot warehouse and distribution center in Logan Township, brokers with JLL said Thursday.

Cover Story
Links and logistics: Inside the public-private partnership behind a 4 million sq. ft. industrial hub (and a new golf course)

A unique public-private partnership has taken shape in Old Bridge, where the developer of a new nine-building, 4.2 million-square-foot industrial park on Route 9 has also planned, funded and built an 18-hole public golf course in the township under an agreement with local officials.

Industrial
NAIDB: Tenants combine for 28,000 sq. ft. to prelease new Piscataway industrial buildings

A developer has filled two new industrial buildings in Piscataway with commitments totaling nearly 28,000 square feet, in a set of deals arranged by NAI DiLeo-Bram & Co.

Industrial
Alcamo Capital, Avison Young unveil 262,000 sq. ft. industrial project in Lawrence Twp.

An investment firm has completed its first new building in New Jersey with the opening of a nearly 262,000-square-foot industrial property in Lawrence Township.

Industrial
Greek captures demand for small-bay industrial, inking 860,000 sq. ft. in recent transactions

Smaller leases are fueling demand in the region’s industrial real estate market, as evidenced by a flurry of recent activity by brokers with Greek Real Estate Partners.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Finance & Capital Markets
Saxum, BGO partner for recap of 1.5 million sq. ft. national cold storage portfolio

Saxum Real Estate has recapitalized a six-property, 1.5 million-square-foot portfolio of cold storage buildings under a newly completed partnership with a national investment firm.

Industrial
Solar Landscape debuts two rooftop projects at Exit 8A as clean energy program accelerates

Solar Landscape has completed its latest projects in New Jersey with the debut of rooftop solar installations at two warehouses in the Exit 8A submarket.

Industrial
Four-building, 1 million-square-foot warehouse portfolio on the market for sale in Secaucus

A family office is seeking a buyer for 1 million square feet of industrial space in the Meadowlands, offering a portfolio that reportedly could trade for some $400 million.

Industrial
Sporting goods business takes 5,000 sq. ft. at Somerset industrial building, BRC says

A sporting goods supplier has signed a 5,000-square-foot industrial lease in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.