Deals

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

Office
Tech firms drive 20,000 sq. ft. in leasing at two Edison office properties, NAIDB says

A technology services firm has a new home after leasing nearly 3,000 square feet at an Edison office building, in one of several recent deals in the township by NAI DiLeo-Bram & Co.

Technology
Russo inks 250,000 sq. ft. lease to fill established data center in Carlstadt, Cresa says

Russo Development has secured a new tenant for a nearly 250,000-square-foot data center property in Carlstadt, according to a brokerage team with Cresa.

Industrial
Marcus: Investors buy fully approved site for 1,200-unit self-storage project in Ridgefield

An investment group has acquired a Bergen County development site with approvals in place for more than 1,200 new self-storage units, in a deal arranged by Marcus & Millichap.

Retail
Catalyst: Restaurant Depot takes 91,000 sq. ft., backfills big box for new Paramus location

A new Restaurant Depot is coming to Paramus after leasing more than 91,000 square feet off Route 17, in a deal arranged by Catalyst Real Estate Partners.

Industrial
Solar infrastructure firm buys 8,300 sq. ft. facility in Atlantic County, WCRE says

A solar panel infrastructure company has acquired a more than 8,300-square-foot flex industrial building in Atlantic County, in a newly announced deal by Wolf Commercial Real Estate.

Finance & Capital Markets
S3 Capital closes $49 million construction loan for new townhomes, apartments in Allenhurst

A developer has scored a $49 million construction loan to build a combined 51 luxury townhomes and affordable rental units in the Monmouth County borough of Allenhurst.

Retail
Deluccia: High-end tanning, wellness salon leases 1,500 sq. ft. in Somerset County

An upscale tanning and wellness concept has taken 1,500 square feet at a Larken Associates retail center in Raritan Borough, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
SAGE: Benchmark deal in Chatham among three multifamily sales totaling $29.4 million

A new eight-unit luxury rental property in Chatham has sold for nearly $5.4 million, in one of three newly announced transactions by SAGE Investment Real Estate Advisors.

Retail
Longpoint inks 11,000 sq. ft. in new leases, renewals at Bedminster retail center, JLL says

An affiliate of Longpoint Realty has secured three new leases and two renewals in Bedminster, where brokers with JLL are spearheading plans to revamp a grocery-anchored retail property.

Hospitality & Tourism
TFE buys well-known boardwalk site in Ocean Grove, eyes new community pavilion

TFE Properties has acquired a vacant boardwalk property in Ocean Grove that it now hopes to revitalize with a new 40,000-square-foot pavilion and community destination.