Deals

Keep up with all of the major leases, investment sales and financing activity in New Jersey.

Industrial
Kislak: Pennington industrial park changes hands for first time in 30 years, fetching $3.3 million

A longtime owner has sold a more than 30,000-square-foot industrial park in Mercer County for $3.3 million, in a newly announced deal by The Kislak Co. Inc.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.

Residential & Mixed Use
Investor buys 63-unit Bloomfield apartment building for $11 million, Kislak says

A longtime owner has sold a historic 63-unit apartment building in Bloomfield for nearly $11 million, brokers with The Kislak Co. Inc. announced Tuesday.

Retail
Three-tenant, 22,000 sq. ft. strip center in Union City trades for $7.8 million, Marcus says

A private investor has acquired a 22,000-square-foot retail center in a key business district in Union City, in a newly announced deal by Marcus & Millichap.

Industrial
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Office
C&W: New leases, renewals fuel 90,000 sq. ft. in activity at revitalized 3 Gateway in Newark

Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.

Industrial
Event rental company inks lease at newly sold Hillsborough industrial building, Deluccia says

An investor has purchased and quickly filled a 6,000-square-foot commercial building in Hillsborough, in a set of transactions managed by Deluccia Commercial Group.

Industrial
Herbal therapeutics maker leases 3,000 sq. ft. at South Plainfield warehouse, BRC says

A company that develops plant-based ingredients and supplements has taken 3,000 square feet of industrial space in South Plainfield, brokers with Bussel Realty Corp. said Monday.

Retail
Karate studio, boxing gym coming to Voorhees retail center, Vantage Commercial says

A shopping center in Voorhees Township is now fully leased after new deals with a karate studio and a boxing gym, brokers with Vantage Commercial announced recently.

Industrial
Larken inks expansion, new lease in latest deals at Hillsborough industrial park

A contractor has expanded at Larken Associates’ Hillsborough Business Center, where it now occupies more than 6,100 square feet to support its growing operations in the region.