Q1 2024 North/Central New Jersey Industrial Market | Top deals and sales

Jessica Perry//April 19, 2024//

152 Ridge Road in South Brunswick is a 216,000-square-foot industrial warehouse. - PROVIDED BY JLL

152 Ridge Road in South Brunswick is a 216,000-square-foot industrial warehouse. - PROVIDED BY JLL

152 Ridge Road in South Brunswick is a 216,000-square-foot industrial warehouse. - PROVIDED BY JLL

152 Ridge Road in South Brunswick is a 216,000-square-foot industrial warehouse. - PROVIDED BY JLL

Q1 2024 North/Central New Jersey Industrial Market | Top deals and sales

Jessica Perry//April 19, 2024//

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Top sales

299 Murray Hill Parkway, East Rutherford
  • 99,173 square feet
  • $28.5 million
  • Buyer: Oliver Street Capital Seller: Braha Industries

 

55 Van Keuren Ave., Jersey City
  • 33,000 square feet
  • $21.6 million
  • Buyer: Old Dominion Freight Line Inc. Seller: James G Nicholas II LLC

 

390 Central Ave., East Rutherford
  • 47,310 square feet
  • $19.40 million
  • Buyer: Sagard Real Estate Seller: Deugen Development

 

1 Dodge Drive, West Caldwell
  • 111,000 square feet
  • $17.5 million
  • Buyer: Venture One Seller: Terreno Realty
152 Ridge Road
  • 216,000 square feet
  • $55 million
  • Buyer: Invesco Seller: Saadia Group

 

85 Herman St.
  • 48,000 square feet
  • $19.4 million
  • Buyer: Sagard Real Estate Seller: Duegen Development

 

12 Thornton Road
  • 92,400 square feet
  • $14.7 million
  • Buyer: Dalfen Industrial Seller: Raymour & Flanigan Furniture

 

 

Top leases

1900 River Road, Burlington Township
  • 667,560 square feet
  • Tenant: Lecangs
1001 W. Middlesex Ave., Port Reading
  • 607,417 square feet
  • Tenant: Logistics X
11 Cragwood Road, Avenel
  • 317,500 square feet
  • Tenant: Gentek Building Products

 

74 Lacakwanna Ave., Parsippany
  • 119,502 square feet
  • Tenant: Raas Warehouse

 

16 McKee Drive, Mahwah
  • 108,103 square feet
  • Tenant: Remarkable Foods Kitchens Inc.

 

80-98 N. Main St. (renewal)
  • 502,403 square feet
  • Tenant: Refresco

 

7 Santa Fe Way (renewal)
  • 501,400 square feet
  • Tenant: Anixter

 

10 Sigle Lane
  • 285,362 square feet
  • Tenant: Amware

 

258 Prospect Plains Road (sublease)
  • 250,000 square feet
  • Tenant: SLM

 

Top deals reflect information from NAI James E. Hanson and Savills.