Deals

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

Office
Edgewood buys vacant 250,000 sq. ft. Basking Ridge office building, in JLL-brokered deal

Edgewood Properties has acquired a 250,000-square-foot office building in Somerset County that was recently vacated by a global insurance company, in a deal arranged by JLL.

Residential & Mixed Use
Skylight affiliates sell Hoboken multifamily portfolio for $13.2 million, Kislak says

An investment group has sold a three-building, 21-unit multifamily portfolio in Hoboken for $13.2 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Urban Edge: Apparel chain takes 2,300 sq. ft. at Bergen Town Center for first East Coast outlet

Urban Edge Properties has leased a space at its Bergen Town Center property that will serve as the first East Coast outlet location for Splendid, a fashion retailer.

Office
Colliers: Boutique office building in Morris County trades for $4.2 million

A private New Jersey-based investor has purchased a 32,000-square-foot office building in Chester for $4.2 million, brokers with Colliers announced Wednesday.

Health Care & Education
NAI Hanson inks 5,600 sq. ft. medical office lease in Paramus

NAI James E. Hanson has negotiated a lease for a 5,599-square-foot medical office in Paramus.

Industrial
Investor sells 276,000 sq. ft. warehouse at Exit 7 for $60 million, Newmark says

An industrial owner has sold a warehouse property in Bordentown for $60 million, in a deal by Newmark that comes five years after the asset last changed hands.

Industrial
Marcus Partners adds 200,000 sq. ft. with purchase of South Plainfield warehouse site

Boston-based Marcus Partners has acquired a two-building, 200,000-square-foot warehouse property on 17 acres in South Plainfield.

Retail
R.J. Brunelli details new Dollar Tree, Family Dollar combo stores in Ocean, Middlesex

Dollar Tree and sister chain Family Dollar have secured two of their first combination locations in New Jersey, according to a leasing team with R.J. Brunelli & Co.

Retail
Grocery store takes 2,800 sq. ft. at Bergenfield strip center, NAI Hanson says

NAI James E. Hanson has negotiated a 2,800-square-foot lease to bring a supermarket to a newly renovated retail space in Bergenfield, taking the property to full occupancy.

Office
Newmark: Bridgewater office building, home to biopharma firm HQ, trades for $39 million

An investment manager has sold a newly renovated, 117,000-square-foot office building in Bridgewater that serves as the headquarters of a global biopharmaceutical company.