Industrial
Bridge Industrial buys two-level, 128,000 sq. ft. property in Queens

Bridge Industrial has added to its footprint in the region after acquiring more than 128,000 square feet in the New York City borough of Queens.

Finance & Capital Markets
Mesa West, Bridge Industrial close $54 million loan for South Brunswick industrial project

Bridge Industrial is nearing completion of some 292,000 square feet of new industrial space in South Brunswick after securing nearly $54 million in construction financing.

Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Industrial
Bridge acquires 115,000 sq. ft. industrial service facility in Linden

Bridge Industrial has made another deal under its growing acquisition platform, adding a 115,000-square-foot service facility in Linden.

Features
McGuinness reflects on 26 years at NAIOP, as industry leaders praise outgoing CEO

In an interview, outgoing NAIOP New Jersey CEO Michael McGuinness reflected on a tenure that’s been marked by service, stability and impressive membership growth, as chapter leaders touted a record of persistent yet professional advocacy that has earned the respect of both industry executives and government officials throughout the state.

Features
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness

We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.

Finance & Capital Markets
JLL: Bridge lands $64 million construction loan for 211,000 sq. ft. spec warehouse in Newark

Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.

Industrial
Bridge acquires 152,000 sq. ft. Somerset warehouse under new value-add platform

Bridge Industrial has completed its first deal in New Jersey under a recently launched value-add platform, acquiring more than 150,000 square feet of newly built space in Franklin Township.

Industrial
Bridge Industrial breaks ground on 1 million sq. ft. Perth Amboy logistics campus

Bridge Industrial has broken ground on a project that will add more than 1 million square feet of new warehouse and logistics space to Perth Amboy, while helping to repurpose another once-contaminated site along the city’s waterfront.

Industrial
Lee & Associates: BlackRock buys 300,000 sq. ft. Piscataway warehouse for $80 million

BlackRock Realty Advisors has purchased a nearly 300,000-square-foot industrial building in Piscataway for $80 million, in one of two deals announced by Lee & Associates New Jersey.