Circulate NJ

Welcome Greenbaum, Rowe, Smith & Davis LLP to the Circulate NJ team! “If you are looking for knowledge regarding the legal issues associated with New Jersey’s logistics industry, the team at Greenbaum, Rowe, Smith & Davis has seen it all,” said David Greek, Chair of Circulate NJ and Managing Partner of Greek Real Estate Partners. “Their work on behalf of clients has helped showcase what logistics means to the state. This is especially true in the area of brownfield remediation, where the logistics industry continues to be a leader. We greatly appreciate their support in joining Circulate NJ.” With deep roots in New Jersey and expertise in real estate, land use, and environmental law, their team strengthens our coalition of 40+ logistics leaders working to drive the supply chain that powers our state. Learn more:?https://lnkd.in/eKXvFi4C

It’s National Napping Day! While you catch up on some well-deserved rest, the logistics industry keeps things moving—ensuring packages arrive, shelves stay stocked, and supply chains stay strong. We’ll handle the heavy lifting so you can recharge!?

On Employee Appreciation Day, we’re celebrating those who keep NJ’s logistics industry running! CNJ’s 40+ members, including The Hampshire Companies and Greek Real Estate Partners, are grateful for the work of their dedicated team members. Join us in thanking them!?https://circulatenj.com/

Congratulations to our Chair, David Greek, for earning a spot on?Insider NJ’s?2025 Real Estate Power List! With coalition members The Hampshire Companies, Genova Burns LLC & NAIOP New Jersey also making the cut,?CirculateNJ’s presence in the industry is stronger than ever.?Well deserved all around! Full List: https://bit.ly/4bsooUd

Welcome Solar Landscape and Casdale Energy Cost Management to the Circulate NJ team! “Their sustainability expertise and unique perspectives on the logistics industry will be invaluable as we continue to educate the public,” said David Greek, Chair of Circulate NJ. With 40+ member organizations across the Transportation, Logistics, and Distribution sectors, Circulate NJ members are driving the supply chain that powers New Jersey! For a full list of members, visit https://lnkd.in/eKXvFi4C.?

"According to industrial property outlooks, industrial vacancy rates are expected to plateau in early 2025 before beginning to slowly tick down sometime in the second half of the year as supply is absorbed and new deliveries dry up."

A proposed $2 per truck excise fee on NJ warehouses would barely raise enough revenue - less than 0.1% of Governor Murphy's proposed budget — to justify the ultimate negative impact to the logistics industry and taxpayers. "The logistics industry supports over 400,000 jobs,” said Circulate NJ Chair David Greek. “Unfairly punishing these hard-working New Jerseyans, along with the millions of residents who would ultimately bear the cost, does not seem like the best approach.” Read more from Tom Bergeron via ROI-NJ:?https://bit.ly/4i77A7G

Circulate NJ members will be attending and presenting at Bisnow's New Jersey Industrial & Logistics Conference on?Tuesday, February 25th, sharing insights on some of the most important issues facing the logistics industry. Don't miss out! Register:?https://bit.ly/4kcFSrG

The logistics industry in New Jersey encompasses the Transportation, Logistics and Distribution (TLD) industries and they are what fuels our supply chain. They are what keeps New Jersey moving and thriving. Visit https://circulatenj.com/ to learn more.

Great to see the NJ Department of Environmental Protection reaffirming and expanding its commitment to the Brownfield Development Area (BDA) program. This qualifies local municipalities and redevelopment authorities to access Hazardous Discharge Site Remediation Fund (HDSRF) grants, including remedial action matching grants that provide up to 75 percent for remedial action costs for any site reuses within the BDA. Equally important is the single point of contact in the Office of Brownfield and Community Revitalization to work closely with municipal officials, stakeholders, developers and Licensed Site Remediation Professionals (LSRPs) to coordinate investigation, remediation and redevelopment plans. I have positive first-hand experience with this approach. The BDA program approach greatly increases instances where challenging properties are cleaned up and returned to productive uses for communities that would have otherwise remained unaddressed blight. I offered the following statement in support of the DEP's action: “On behalf of the more than 800 members of NAIOP NJ, the Commercial Real Estate Development Association, we commend DEP for affirming and expanding its commitment to the BDA program,”?said NAIOP NJ CEO Dan Kennedy. “While it’s easy to talk about smart growth principles and redevelopment goals, it is much harder to execute on these plans to ensure that the economic, environmental and community benefits are actually realized. The private sector plays a big part in executing redevelopment plans but needs support from state and local government partners in the form of financial incentives and perhaps more importantly, project by project coordination to accelerate the investigation, remediation and redevelopment of environmentally challenging sites. The newly designated BDAs and those already designated represent a huge opportunity to clean up sites and get them back to productive uses including but not limited to critically needed housing, logistics assets including warehouses, and community facilities like trails and parks.”