Deals

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

Residential & Mixed Use
Adoni sells 52-unit Franklin Lakes rental property for $29 million, Cushman says

Adoni Property Group has sold a 52-unit luxury apartment building in Franklin Lakes for $29 million, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
ICON: Jebara sells 46-unit Long Branch rental building, retail space for $19.4 million

A developer has sold a new 46-unit apartment building and an adjacent retail asset in Long Branch, according to a listing team with ICON Real Estate Advisors.

Retail
Marcus: West New York retail, office property sells for $9.5 million in first-ever trade of 38-year-old center

The longtime owner of a more than 27,000-square-foot commercial property in West New York has sold the asset for $9.5 million, brokers with Marcus & Millichap said Tuesday.

Residential & Mixed Use
Marcus: Investor completes 1031 exchange, buys Carlstadt rental building for $1.3 million

A cash buyer has purchased an eight-unit apartment building in Carlstadt for $1.325 million, in a newly announced deal by Marcus & Millichap.

Retail
Local investor buys 3,300 sq. ft. highway retail property in Little Falls, VanRockCRE says

A value-add investor has purchased a 3,300-square-foot retail building in Little Falls, in a newly announced transaction by VanRockCRE.

Deals
Newmark: Goodman buys landmark Anheuser-Busch brewery site in Newark for $360 million

The now-shuttered Anheuser-Busch brewery at 200 Route 1 in Newark has been a fixture in the city for some 75 years. By Joshua Burd Anheuser-Busch has reaped $360 million from the sale of its iconic former brewery complex just west…

Residential & Mixed Use
IPRG: Buyer of historic Paterson mill complex eyes redevelopment after $6 million sale by Procida Funding

Procida Funding has completed its sale of a well-known industrial complex and redevelopment site in Paterson, in a deal arranged by Investment Property Realty Group.

Retail
H&T: Investor buys 7,100 sq. ft. Hopatcong property with Dunkin’, USPS for $2.5 million

A private investor has picked up a two-tenant commercial property in downtown Hopatcong, paying $2.5 million in a deal arranged by Horvath & Tremblay.

Retail
Trading card, collectibles shop takes 5,700 sq. ft. in Green Brook, Deluccia says

A specialty trading card and collectibles retailer has leased nearly 5,700 square feet at a Somerset County shopping center, according to a brokerage team with Deluccia Commercial Group.

Retail
RIPCO inks three leases to fill Regency Centers property in Pompton Lakes

The owner of a Passaic County shopping center has leased up the property, securing three new tenants with the help of a RIPCO Real Estate brokerage team.