Deals

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

Montclair owner sells 56-unit rental portfolio after 25 years, Hudson Atlantic says

A longtime owner has sold a two-building, 56-unit apartment portfolio in Montclair for $13.5 million, in a deal arranged by Hudson Atlantic Realty.

Investor buys 10-building, 324-unit rental portfolio, in $50 million Elizabeth deal

A private investor has purchased a 324-unit apartment portfolio in Elizabeth as part of a newly completed, $50 million transaction, brokers with The Kislak Co. Inc. announced.

Colliers inks four new leases, absorbs 36,000 sq. ft. at East Hanover office building

Four new tenants are coming to an East Hanover office building after leasing a combined 36,000 square feet at the property, in a series of newly announced deals by Colliers.

Sun Equity sells 110,000 sq. ft. Route 22 shopping center, Marcus & Millichap says

The developer of a five-year-old shopping center in Union Township has sold the Route 22 property, under a deal arranged by Marcus & Millichap.

Medical device maker takes 24,000 sq. ft. at Parsippany office campus, C&W says

A medical device maker has leased nearly 24,000 square feet at a Parsippany office campus, in the largest of four transactions announced Monday by Cushman & Wakefield.

Bell Works welcomes new two-story, 20,000 sq. ft. Fitness Factory location

A growing fitness chain has opened its doors at the Bell Works campus in Holmdel, bringing a new offering to the property for both tenants and the broader community.

Martial arts studio inks 1,900 sq. ft. lease at Denville retail center

A martial arts center has taken 1,900 square feet at a Denville shopping center, in a newly announced transaction by Lee & Associates New Jersey.

Vacant 15,000 sq. ft. Clifton warehouse trades for $3 million, Newmark Associates says

The longtime owner of a 15,000-square-foot industrial building in Clifton has sold the property for $3 million, in a deal arranged by Newmark Associates CRE LLC.

Operator of Wildwood restaurant buys building, liquor license after successful first year

A restaurateur has purchased a Wildwood building and its liquor license just over a year after leasing the space to open his new Mediterranean eatery.

Gebroe-Hammer: North Brunswick apartments fetch $64 million in first leg of 1031 exchange

The longtime owner of a 253-unit garden apartment complex in North Brunswick has sold the property for nearly $64 million, in a deal arranged by Gebroe-Hammer Associates.