Industrial
Joint venture sells 50,000 sq. ft. distribution center in Somerset County, JLL says

Elberon Development Group and The Avidan Group have sold a fully leased, 50,400-square-foot industrial property in Branchburg, in a transaction arranged by JLL.

Industrial
Elberon, Avidan sign lease with Carvana at recently acquired Baltimore site

Elberon Development Group and The Avidan Group have secured a tenant at a 4.5-acre property in Baltimore, having recently acquired the site as their first outside New Jersey.

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.

Industrial
Elberon adds 20,000 sq. ft. warehouse in Newark, Garibaldi says

Elberon Development Group has acquired a 20,000-square-foot industrial building in Newark, in a transaction arranged by The Garibaldi Group.

Industrial
Fidelco, Elberon announce start of FreezPak facility on Newark-Elizabeth border

Construction is underway on a new 140,000-square-foot freezer warehouse facility that will bring new life to an abandoned industrial site on the border of Elizabeth and Newark.

Industrial
Elberon: Cabinet wholesaler leaving Brooklyn, inks 75,000 sq. ft. lease in Elizabeth

A kitchen cabinet wholesaler is moving from Brooklyn to Elizabeth, where it has signed a full-building, 75,000-square-foot lease with Elberon Development Group.

Finance & Capital Markets
Elberon inks $20 million refi for Elizabeth cold storage building, JLL says

The owner of a 175,000-square-foot cold storage building in Elizabeth has landed $20 million in long-term financing, in a newly announced transaction by JLL.

Industrial
Elberon inks new Elizabeth industrial deals totaling 140,000 sq. ft.

A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.

Industrial
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.

Industrial
HFF: Avidan, Elberon add 135,000 sq. ft. warehouse in Jersey City

A joint venture has acquired a vacant, 134,500-square-foot warehouse just off the New Jersey Turnpike extension in Jersey City, in a newly announced transaction by HFF.