NAI DiLeo-Bram Brokers $13.1M Sale of Industrial Flex Building in Kenilworth, New Jersey
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
KENILWORTH, N.J. — NAI DiLeo-Bram (NAIDB) has brokered the $13.1 million sale of a 26,000-square-foot industrial flex building in the Northern New Jersey community of Kenilworth. Completed in 2024, the building at 651…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Manor Downs Racetrack Site Becomes Industrial Park
WareSpace Pays $16MM for 64,000 SQFT South San Francisco Industrial Building, Plans 86 Micro-Bay Suites
WareSpace has entered the Bay Area with a $16.05 million purchase of a 1965 warehouse at 161 Starlite St. in South San Francisco, passing over the residential upside the site was marketed on in favor of 86 small suite…