Industrial
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Professional Services
Engineering firm Hillis-Carnes opens first New Jersey office to serve growing client base

Hillis-Carnes Engineering Associates Inc. has opened its first office in New Jersey, seeking a stronger local presence in a region where it has served clients for nearly two decades.

Finance & Capital Markets
JLL: Bridge Industrial inks $29 million loan for spec warehouse project in South Plainfield

Bridge Industrial has closed on a nearly $29 million construction loan for a project that will bring more than 167,000 square feet of new industrial space to South Plainfield.

Industrial
Ridgecut Road, Marcus Partners acquire 3.6-acre industrial site in South Plainfield

Ridgecut Road and Marcus Partners have acquired nearly four acres of low-coverage industrial property in South Plainfield, marking the firms’ second deal together in less than a year.

Finance & Capital Markets
Ridgecut, Marcus Partners ink $9 million refi for South Plainfield industrial parcel, C&W says

A joint venture has secured nearly $9 million in financing for an industrial outdoor storage property in South Plainfield, in a deal arranged by Cushman & Wakefield.

Professional Services
Sheldon Gross tapped to manage commercial portfolio in Union, Middlesex counties

The owner of an office and industrial portfolio in Union and Middlesex counties has tapped Sheldon Gross Realty to manage the properties.

Industrial
BRC: Construction tech firm enters New Jersey with 12,000 sq. ft. lease in South Plainfield

A construction technology firm has signed a full-building, 11,500-square-foot industrial lease in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Industrial
BRC: Construction tech firm enters New Jersey with 12,000 sq. ft. lease in South Plainfield

A construction technology firm has signed a full-building, 11,500-square-foot industrial lease in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Retail
Kislak: Owner of South Plainfield retail, office property sells after 67 years

The longtime owner of more than 28,000 square feet of retail and office space in South Plainfield has sold the complex for $3.4 million, in a deal arranged by The Kislak Co. Inc.

Industrial
Ridgecut, Marcus Partners acquire low-coverage industrial service property in South Plainfield

A partnership has acquired a South Plainfield industrial property that it’s now marketing to tenants, seeking to leverage the site’s low coverage and proximity to Interstate 287.