Deals

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

Deals
NAI Hanson inks sale of four-acre development site in Hanover

NAI James E. Hanson has negotiated the sale of a nearly four-acre development site on Route 10 in Hanover.

Office
PTC Therapeutics takes 360,000 sq. ft. at Warren office campus in lease with Rubenstein, Vision

PTC Therapeutics has leased 360,000 square feet for a new corporate headquarters in Warren, in a deal that marks one of New Jersey’s largest office leases of the past decade.

Industrial
Penwood fund buys 276,000 sq. ft. Bordentown industrial building for $60 million

An investment manager has acquired a nearly 280,000-square-foot industrial building in Bordentown for $60 million, in a newly announced transaction by Cushman & Wakefield.

Retail
Tenant at Plainfield retail building acquires property, NAI DiLeo-Bram says

NAI DiLeo-Bram & Co. has negotiated the sale of a 12,143-square-foot retail property in Plainfield for $1.7 million, the brokerage firm announced.

Office
Larken, childcare center ink 8,000 sq. ft. lease in Skillman

Larken Associates has negotiated a lease with M&A Square Creative Corner for an 8,000-square-foot space formerly occupied by a Montessori school in Montgomery Township.

Retail
Joint venture sells 129,000 sq. ft., ShopRite-anchored center in Hackensack, JLL says

JLL has negotiated the sale of Riverfront Plaza, a 129,000-square-foot shopping center anchored by ShopRite in Hackensack.

Office
Saxum sells repositioned office, retail building in Montclair for $18 million, Marcus says

An investor has purchased a newly renovated office and retail building in downtown Montclair for $18 million, brokers with Marcus & Millichap announced Tuesday.

Residential & Mixed Use
Gebroe-Hammer inks sale of 83 apartments in Paterson, in deals totaling $12.4 million

An apartment owner has sold 83 units in Paterson for a combined $12.36 million, in a series of newly announced transactions by Gebroe-Hammer Associates.

Retail
CBRE: Milbrook acquires 190,000 sq. ft. West Caldwell retail center for $47 million

A joint venture has sold a nearly 190,000-square-foot, grocery-anchored shopping center in West Caldwell for $47 million, according to a brokerage team with CBRE. 

Office
Leica Camera to move North American HQ to Sanzari’s Glenpointe campus

Leica Camera Inc. has signed a long-term lease to bring its North American headquarters to Glenpointe, Alfred Sanzari Enterprises’ flagship business campus in Teaneck.