Industrial
Iron Hill: Construction set to begin for 122,000 sq. ft. Link Logistics warehouse in Parsippany

Iron Hill Construction Management has broken ground on a nearly 122,000-square-foot warehouse in Parsippany, where Link Logistics is repurposing a former vacant office property.

Industrial
Link Logistics, food manufacturer ink 54,000 sq. ft. industrial lease in Linden, BRC says

Link Logistics has filled more than 54,000 square feet of industrial space in Linden after securing a lease with a food manufacturer, brokers with Bussel Realty Corp. said Monday.

Industrial
JLL: Link Logistics eyes 123,000 sq. ft. warehouse after acquiring Parsippany office parcel

Link Logistics has acquired the site of an empty office building in Parsippany that’s slated to be redeveloped as a 123,000-square-foot warehouse, in a newly announced deal by JLL.

Industrial
Link Logistics unveils new 164,000 sq. ft. warehouse at Kearny redevelopment site

Link Logistics has taken the wraps off a new industrial building in Kearny, delivering nearly 164,000 square feet of modern space under a project that it said was five years in the making.

Industrial
Link, GXO Logistics ink 611,000 sq. ft. industrial lease in South Brunswick

A logistics firm has leased 611,000 square feet at a soon-to-be-updated industrial building in South Brunswick, in a newly announced deal by Lee & Associates New Jersey.

Industrial
JLL: Rockefeller sells 454,000 sq. ft. Lehigh Valley warehouse to Link for $91 million

Rockefeller Group has sold a nearly 454,000-square-foot industrial building in Pennsylvania’s Lehigh Valley for $91 million, in a newly announced deal by JLL.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Industrial
Top developers, owners see continued growth for industrial market, despite new headwinds

More than 200 attendees turned out April 26 for “The View from the Top: A Conversation with Leaders in Logistics Real Estate,” a conference hosted by Real Estate NJ at The Highlawn in West Orange. Speakers included (clockwise from top…

Government & Public Policy
Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

Industrial
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease

In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.