Deals

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

Office
Three tenants combine for 7,500 sq. ft. at Teaneck office building, CBRE says

The owner of a Teaneck office building has signed three new leases totaling more than 7,500 square feet, in a series of newly announced deals by CBRE.

Retail
LMC: Salon studio takes 12,000 sq. ft. at Somerset Shopping Center in Bridgewater

A salon studio business is expanding in New Jersey with a new 12,000-square-foot lease at a Bridgewater shopping center, according to a team with Levin Management Corp.

Office
Vantage Commercial: 3PL firm takes 5,800 sq. ft. for new Glassboro headquarters

A third-party logistics firm has leased nearly 5,800 square feet of office space near Rowan University in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
Grid: Fitness chain takes 5,000 sq. ft. at Jersey City condo building

A new gym is coming to downtown Jersey City after leasing 5,000 square feet at the base of a luxury condominium building, under a deal arranged by Grid Real Estate.

Health Care & Education
Primary care practice takes 5,000 sq. ft. in Edgewater, NAI Hanson says

A growing primary care practice is expanding to Edgewater after leasing 5,000 square feet of medical office space, in a newly announced deal by NAI James E. Hanson.

Industrial
Dermody acquires Somerset parcel slated for 152,000 sq. ft. warehouse project, C&W says

Dermody Properties has purchased a Franklin Township development site with approvals to build nearly 152,000 square feet of new industrial space, according to Cushman & Wakefield.

Retail
JLL inks sale of 395,000 sq. ft. ShopRite-anchored retail center in Suffolk County

A nine-building, grocery-anchored retail center spanning nearly 400,000 square feet has changed hands on Long Island, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
Faropoint inks $28 million sale-leaseback for 114,000 sq. ft. Ridgefield industrial portfolio

Real estate investment firm Faropoint has purchased two industrial buildings in Ridgefield, adding nearly 114,000 square feet in a sale-leaseback deal valued at $28.3 million.

Industrial
Bridge acquires 152,000 sq. ft. Somerset warehouse under new value-add platform

Bridge Industrial has completed its first deal in New Jersey under a recently launched value-add platform, acquiring more than 150,000 square feet of newly built space in Franklin Township.

Retail
Crunch Fitness takes 32,000 sq. ft. at former New York Sports Club space in Springfield

Crunch Fitness has added a location in New Jersey after leasing 32,000 square feet at a Springfield shopping center, brokers with The Goldstein Group said Monday.