Deals

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

Industrial
Ridgecut, Brennan Investment buy Sayreville industrial property for $23 million

A joint venture has acquired a truck facility and industrial outdoor storage property in Sayreville for more than $23 million, in a deal arranged by Kassin Sabbagh Realty.

Office
State Farm office takes 1,800 sq. ft. in move to Rochelle Park, NAI Hanson says

The operator of a State Farm agency is moving to Rochelle Park after taking nearly 2,000 square feet of office space in the township, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Denholtz acquires newly built, 214-unit luxury rental property in North Bergen

Denholtz Properties has added to its apartment portfolio after acquiring a newly constructed, 214-unit property in North Bergen.

Industrial
Fitness equipment dealer takes 43,000 sq. ft. in Cranbury in one of three related deals by BRC

A fitness equipment company has leased more than 43,000 square feet of industrial space in Cranbury, in the largest of three interconnected deals arranged by Bussel Realty Corp.

Industrial
Maker of Louis Vuitton, Hennessy set to backfill 887,000 sq. ft. distribution hub in Cranbury

A massive distribution center in Cranbury that was long home to Pearson Education is finding new life after a lease by LVMH Group, the owner of brands such as Louis Vuitton and Tiffany.

Retail
P.C. Richard, HomeSense take 57,000 sq. ft. at ex-Bed Bath site in Iselin, Jeffery Realty says

Two well-known retailers have leased a combined 57,000 square feet in the Iselin section of Woodbridge, where they are backfilling a former Bed Bath & Beyond store.

Retail
Piano shop sells 4,000 sq. ft. showroom property in Lawrenceville, Fennelly says

A freestanding showroom and retail property in Mercer County has found a second life after a newly completed deal by Fennelly Associates.

Industrial
Prologis adds 126,000 sq. ft. Teterboro industrial building, NAI Hanson says

Prologis Inc. has purchased a nearly 126,000-square-foot industrial building in Teterboro, adding to its vast holdings in Bergen County and northern New Jersey.

Retail
RIPCO: Paramount Realty buys 79,000 sq. ft. Toms River retail center for $8.75 million

Paramount Realty has added more than 79,000 square feet of retail space after acquiring a multitenant shopping center in Toms River, brokers with RIPCO Real Estate said.

Industrial
Sanzari inks 72,000 sq. ft. renewal in Norwood with therapeutic shoemaker

A shoe manufacturer has signed a nearly 72,000-square-foot lease renewal at a Norwood industrial building owned by Alfred Sanzari Enterprises, the real estate firm announced.