Deals

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

Investors pay $23.5M for Morris County apartments

A 106-unit, age-restricted rental community in Mount Arlington has changed hands for more than $23 million, following an investment sale brokered by Gebroe-Hammer Associates.

Wine and spirits store fills ex-Pathmark space in Clifton

A new ShopRite Wines and Spirits store will fill the space of a former Pathmark in Clifton, according to the firms involved in the 34,000-square-foot deal.

WCRE brokers medical office lease in Camden County

A women’s medical practice has leased more than 16,000 square feet at a medical office campus in Voorhees, Wolf Commercial Real Estate said.

C&W: Normandy building in Hackensack had strong 2016

New leases and expansions by existing tenants have fueled more than 50,000 square feet in recent deals at a Hackensack office building, brokers with Cushman & Wakefield said.

Zoltek brokers retail leases in downtown Passaic

An educational service and a staffing agency have leased retail space at the base of a newly renovated apartment building in downtown Passaic, the property’s broker said.

Cosmetics, perfume distributor buys Eatontown flex building for $5.5 million

A cosmetics and perfumes distributor will relocate within central New Jersey after acquiring a 75,000-square-foot flex building in Eatontown, according to the broker in the deal.

Investor plans major upgrades at warehouse after $19M acquisition

A private investor has paid nearly $19 million for a North Brunswick warehouse, where it plans to nearly double the building’s clear height as part of a major capital improvement.

Kislak brokers $21M in apartment sales in Passaic, Morris

Five apartment properties in northern New Jersey have traded for a total value of more than $21 million, under a 1031 exchange brokered by The Kislak Co. Inc.

Developers buy Hackensack site for redevelopment, Alexander Anderson says

Developers plan to convert an office building in downtown Hackensack into 90 luxury apartments after acquiring the property for $2.5 million, according to brokers in the deal.

Mertz brokers sale-leaseback in Gloucester County industrial park

A real estate firm’s subsidiary has sold and leased back a 55,000-square-foot industrial building in the Pureland Industrial Complex in Swedesboro, in a deal brokered by NAI Mertz.