Deals

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

Industrial
Biopharma firm expands to 5,800 sq. ft. in downtown Jersey City, Equity says

A biopharmaceutical company has renewed its lease and expanded in downtown Jersey City, where it now occupies more than 5,800 square feet.

Industrial
Aspen acquires 83,000 sq. ft. industrial, office portfolio in Burlington in distressed asset deal

Private equity firm Aspen Real Estate has acquired nearly 83,000 square feet of industrial and office space at the junction of two key thoroughfares in Burlington Township.

Office
JLL: Montvale office building sells for $15 million, trading for third time in 12 years

Nessel Development has sold a nearly 120,000-square-foot office building in Montvale for $14.75 million, under a deal arranged by JLL’s New Jersey capital markets team.

Industrial
South Hackensack industrial space trades for second time in three years, NAI Hanson says

An electrical contractor has purchased a 5,300-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.

Industrial
Ridgecut, Luzern acquire low-coverage 3.4-acre truck repair property in Aberdeen

Real estate investment firm Ridgecut Road has added to its fast-growing portfolio, acquiring a 3.4-acre industrial property in Monmouth County under a joint venture with Luzern Associates.

Industrial
STRO, KRE Group enter Southeast with Florida industrial deals totaling 136,000 sq. ft.

The STRO Cos. and Kushner Real Estate Group have announced two new acquisitions in Florida, adding more than 136,000 square feet to their industrial holdings outside New Jersey.

Retail
Halal smokehouse, H&R Block sign leases at North Brunswick shopping center, LMC says

Two new tenants are coming to a North Brunswick shopping center after leasing a combined 4,750 square feet at the property, agents with Levin Management Corp. announced Tuesday.

Industrial
Sitex Group acquires 640,000 sq. ft. Zuckerberg’s Industrial Park in Saddle Brook

Sitex Group has acquired a 50-building, 640,000-square-foot industrial park in Saddle Brook, marking the first sale of the campus since its development began nearly a century ago.

Office
Insurer, physical therapy practice buy Holmdel office condos, Sheldon Gross says

Two office condominium units in Holmdel have changed hands for a combined $925,000, in a set of deals arranged by Sheldon Gross Realty.

Industrial
BRC: Auto export firm expands to Baltimore, leases 2.7-acre industrial property

An automobile exporter has leased a 2.7-acre industrial property near the Port of Baltimore, in a newly announced deal by Bussel Realty Corp.