Industrial
Reports: Hampshire, Invesco sell Teterboro warehouse for $75 million in deal with Principal
Principal Real Estate Investors has acquired a more than 221,000-square-foot warehouse in Teterboro for nearly $75 million, according to published reports this week.
NAIDB seeking investor, owner-user for 54,000 sq. ft. Middlesex industrial building
The owner of a 54,000-square-foot industrial building in Middlesex Borough has tapped NAI DiLeo-Bram & Co. to find a buyer for the property.
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market
Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.
Automotive equipment firm buys 11,000 sq. ft. Middlesex facility, Boniakowski says
A supplier of automotive lift equipment has acquired an 11,000-square-foot building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.
Right place, right time
As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.
