MAREJ
- Aug 31, 2020
Sheldon Gross Realty brokers Keyport property sale totaling $5M
KEYPORT, NJ — In a transaction valued at $5 million, the 14-acre industrial property located in Keyport at 100 and 275 Clark St. has been acquired from Fragrance Resources, Inc. by Pennsylvania-based Best Line Equipment. Read More #NJCRE #INDUSTRIAL
MAREJ
- Aug 31, 2020
Perkins & Todd of NAI James E. Hanson ink sale of 119,592 s/f industrial building in Totowa
Totowa, NJ — NAI James E. Hanson has negotiated the sale of a 119,592 s/f industrial building at 922 Riverview Dr. in Totowa. NAI James E. Hanson's Scott Perkins, SIOR, and Christopher Todd represented the seller, 922 Riverview Drive Associates, in the transaction. McBride Corporate Real Estate represented the buyer, Innovative Cosmetic Concepts. Read More #Industrial #CRE
MAREJ
- Aug 31, 2020
J.G. Petrucci Company, Inc. announce sale of Meister Avenue in Branchburg, New Jersey
Branchburg, NJ — J.G. Petrucci Company Inc., one of the region’s leading development and design/build construction firms, recently announced the sale of 140 Meister Ave. in Branchburg to Lollicup USA, Inc. Read More #NJCRE #industrial #designbuild
MAREJ
- Aug 28, 2020
Lee & Associates grows roster, adds Fittipaldi
Pennsylvania — Lee & Associates adds strategic partner to the firm. Lee & Associates has strengthened its roster yet again with the addition of Lee Fittipaldi as principal for Industrial services in the Eastern PA Region. Read More #peopleonthemove #EPA #Industrial
MAREJ
- Apr 14, 2020
NAI Mertz’s Jonathan Klear and Fred Meyer Ink $2.6 M Industrial Building Sale in Vineland, NJ
Vineland, NJ — NAI Mertz, a full-service commercial real estate firm conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, announced that Jonathan Klear, senior vice president, and Fred Meyer, SIOR, executive vice president, director of brokerage & corporate services, recently closed the sale of a 50,274 s/f industrial building located at 1560 NW Blvd. in Vineland, NJ. The N
MAREJ
- Jun 14, 2018
JMF Properties named redeveloper of former Colgate-Palmolive property in Morris Township
MORRIS TWP., NJ — JMF Properties has been designated the redeveloper of the former Colgate-Palmolive industrial campus on East Hanover Ave. straddling Morris Twp. and Morristown.Both residential and retail uses are planned for the 64-acre site, including a 150,000 s/f shopping center, 143 townhomes, and 60 rental units. JMF acquired the property from Colgate-Palmolive and submitted a redevelopment proposal to municipal officials. The company has been granted final site approv
Terri S. Johnson, CRE, Capstan Tax Strategies
- Oct 27, 2016
Cost Segregation reduces tax burden on industrial facilities
The cost segregation process can be performed on almost any type of building. By reclassifying commercial assets into shorter MACRS class-lives, cost segregation accelerates depreciation, increases cash flow, and reduces the overall tax burden in virtually every situation. However, due to the highly specialized nature of industrial facilities, these types of properties are among the best candidates for a successful cost segregation study. The high level of customization requi
MAREJ
- May 17, 2016
TCC & Clarion Partners acquire 90 acre site and begins construction on new industrial trade cent
LOWER NAZARETH, PA — Joint venture partners Trammell Crow Company and Clarion Partners, a real estate investment manager, announced the acquisition of a 90-acre site located at 4815 Hanoverville Rd. in Lower Nazareth for the development of Leigh Valley Trade Center. Construction on the project will commence later this month on two class A speculative warehouse/distribution buildings totaling more than 1.2 million s/f. Clarion Partners has acquired the property on behalf of a
MAREJ
- Apr 5, 2016
Industrial Investments leases 65,390 s/f of ind. space to Delaware Valley Floral Group in West Dept
WEST DEPTFORD, NJ — Industrial Investments, Inc. of Blue Bell, PA announced that it has recently signed a new long term lease for 65,390 s/f of industrial space with the Delaware Valley Floral Group at its newest building located in the Forest Park Corporate Center at 1230 Forest Parkway, West Deptford. An affiliate of Industrial Investments purchased the vacant 1230 Forest Parkway in early February. 1230 Forest Parkway is a 109,620 s/f light industrial/warehouse building wit
MAREJ
- Sep 22, 2015
Bussel Realty brokers $3.1 million sale in Irvington, NJ
IRVINGTON, NJ — Bussel Realty Corp. (BRC), an industrial real estate services firm in New Jersey, announced its arranged the sale of 231 40th St. in Irvington, an industrial facility of approximately 38,500 s/f.
The property sold for $3.1 million and features 22-foot ceilings, three cooler spaces, four tailboards and one drive-in, and heavy power. It is located in close proximity to I-78, Route 22, the Garden State Parkway and New Jersey Turnpike, Newark Liberty Airport, a
MAREJ
- Sep 22, 2015
Garibaldi sells 24,610 s/f industrial property to a non-industrial user
OAKLAND, NJ — The Garibaldi Group has announced the sale of 138 Bauer Dr. in Oakland located in the Oakland-McBride Center. Totaling 24,610 s/f of zoned industrial park, the property comes fully air conditioned and sprinklered.
As traditional industrial tenants have vacated the park over the years, Oakland-McBride Center continues to see non-conforming applications for buildings within its campus. This trend has become common in the New Jersey real estate market, even as th
MAREJ
- Sep 14, 2015
Carson Companies expands with East Coast office
RADNOR, PA — The Carson Companies, one of the leading industrial real estate investment and development firms based in Newport Beach, has established an East Coast office and retained Chris Hermance as managing director to lead its regional expansion. Located in the Philadelphia suburb of Radnor, the new operation will pursue industrial investment opportunities – including land for development and existing buildings – in the New Jersey and Pennsylvania markets. With a portfol
MAREJ
- Sep 3, 2015
Binswanger brokers sale of 75,080 s/f facility for $10.2 million
Bronx, NY— Binswanger represented Aramark in the $10.2 million sale of a Bronx, NY facility. The Bronx property located at 850 East 138th St. in the Bronx will house the consolidated operations of The Department of Parks & Recreation Five-Borough shops.Built in 1988, the two-story building was initially used as a commercial laundry operation with second-story warehousing. Key features include open floor plates, attractive ceiling heights and a gated parking lot. Located in
Transwestern’s Second-Quarter 2015 Industrial
- Aug 7, 2015
Activity heats up in tertiary NJ markets with port access as overall market tightens
Inventory remains tight and demand continues to increase for quality New Jersey industrial space, according to Transwestern’s Second-Quarter 2015 Industrial Market report. As a result, industrial properties east of Interstate 287 are experiencing a surge of activity, with an intensified interest in outer regions with accessibility to the port markets.“We expect that potential redevelopment properties could see tenants in place even before construction is complete,” said Alex
MAREJ
- May 20, 2015
Colliers International Philadelphia facilitates 115,000 s/f office lease in Bucks County
Bucks County, PA — Colliers International in Philadelphia recently completed a 115,000 s/f lease extension and expansion at County Line Commerce Center with ABB, Inc., making them the largest tenant at the property. The Colliers team of Sandy Richardson, Matthew Shanahan, and Kyle Hilbert represent the ownership at County Line Commerce Center. County Line Commerce Center is a class A mixed use complex in Warminster Township, Bucks County, Pennsylvania consisting of four build
MAREJ
- Apr 14, 2015
NAI Hanson secures tenant for 44,560 s/f industrial space
RAMSEY, NJ — NAI Hanson, a leading New Jersey-based commercial real estate firm, announced that it has facilitated the lease of 44,560 s/f at 565 Crescent Ave. in Ramsey. Senior vice president Kenneth Lundberg, SIOR and NAI Hanson sales associate Patrick Lennon marketed the space and managed the transaction on behalf of the industrial property’s owner, West Essex Industrial Park LLC, and managed by the David Cronheim Company. Glebar was represented by Craig Engelhardt of Sav