Cold storage user inks 30,000 sq. ft. renewal in Elizabeth, Avison Young says

A refrigerated warehouse provider has renewed its 30,000-square-foot lease at an Elizabeth industrial building, in a newly announced transaction by Avison Young.

Pharma firm inks renewal for North American HQ in Parsippany, Avison Young says

A pharmaceutical manufacturer has recommitted to its North American headquarters in Parsippany, in a newly announced transaction by Avison Young.

New construction in 2020, 2021 unlikely to quench demand for New Jersey industrial stock

Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.

Freezer, cooler space in high demand in New Jersey, as users face a lack of supply

Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.

Avison Young hires tenant rep specialist as newest principal in New Jersey

Avison Young has deepened its bench in New Jersey with the hiring of a longtime tenant representation specialist.

Avison Young makes five new hires for New Jersey project management team

Avison Young has announced five new additions to its New Jersey-based team.

Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Fair Lawn location is food company’s third N.J. warehouse, NAI Hanson says

A food manufacturer has expanded its footprint in New Jersey with a nearly 102,000-square-foot lease in Fair Lawn, brokers with NAI James E. Hanson announced Tuesday.

NKF: E-commerce bedding maker moves HQ, takes 23,000 sq. ft. in Summit

A luxury bedding and home goods maker has found a new headquarters in downtown Summit, under a 23,000-square-foot lease announced Thursday by Newmark Knight Frank.

KRE Group inks $45 million construction loan for Bayonne project

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