Deals

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

Residential & Mixed Use
Kislak: Three-building, 53-unit apartment complex in East Orange sold for $6.3 million

A longtime owner has sold a three-building, 53-unit apartment complex in East Orange for $6.3 million, in a newly announced deal by The Kislak Co. Inc.

Retail
Valvoline, carwash opening at revitalized Maple Shade property, Vantage Commercial says

Valvoline has signed a long-term lease in Maple Shade as part of a site that will also house a new-look car wash business, brokers with Vantage Commercial announced Thursday.

Industrial
CBRE Investment Management buys 199,000 sq. ft. warehouse, adding to Somerset portfolio

CBRE Investment Management has expanded its holdings along Interstate 287, acquiring a nearly 200,000-square-foot warehouse in the Somerset section of Franklin on a client’s behalf.

Office
C&W: Vision Properties extends Maersk, inks new deals at Florham Park office building

Shipping giant Maersk USA has extended its nearly 47,000-square-foot office lease in Florham Park, in one of several newly announced transactions by Cushman & Wakefield.

Industrial
MORVAY buys fully approved sites for new flex industrial projects in Mercer, Zimmel says

A developer is planning more than 100,000 square feet of new flex industrial space in Mercer County after acquiring two fully approved tracts in Hamilton and Robbinsville.

Industrial
NAI Hanson: Beauty products company buys 17,000 sq. ft. Hackensack industrial building

A nearly 17,000-square-foot industrial flex building in Hackensack has changed hands for $2.8 million, brokers with NAI James E. Hanson announced Tuesday.

Deals
Landscape business buys six-acre garden center property in Sparta, Zoltek says

A local operator has acquired a former nursery and garden center property in Sparta, in a newly announced deal by Zoltek Commercial Real Estate Services.

Retail
Burlington takes 38,000 sq. ft. to bring Woodbridge center to full occupancy, LMC says

A busy shopping center in Woodbridge is now fully leased after securing a commitment from Burlington Stores, according to a brokerage team with Levin Management Corp.

Industrial
Ridgecut Road recaps low-coverage industrial properties in I-287 corridor

Ridgecut Road has recapitalized two industrial outdoor storage properties in the Interstate 287 corridor, in the latest sign of the subsector’s growing appeal to major investors.

Residential & Mixed Use
C&W: Summit-based Solomon sells 666-unit rental portfolio near Albany for $82 million

The Solomon Organization has sold a 666-unit apartment portfolio in Upstate New York for $82.4 million, in a deal arranged by Cushman & Wakefield and Pyramid Brokerage Co.