Deals

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

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.

Industrial
Tire shop leases 18,000 sq. ft. in Elizabeth, BRC says

A tire business has leased more than 18,000 square feet of industrial space in Elizabeth, in a newly announced deal by Bussel Realty Corp.

Retail
Boniakowski inks three renewals in Middlesex, Lafayette

The Boniakowski Commercial Real Estate Group has completed lease renewals with three tenants in Middlesex and Sussex counties, the firm announced Monday.

Industrial
Vantage Commercial: Cheer camp signs five-year, 8,000 sq. ft. lease in Gloucester Twp.

A cheerleading camp has signed a five-year lease at a newly available flex building in Gloucester Township, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
Marcus inks $2 million sale of 17-unit Irvington apartment building

A private investor has purchased a 17-unit apartment building in Irvington for more than $2 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Investors sell West New York rental property for $1.1 million, Cervelli says

An investment firm has sold a seven-unit apartment building in West New York for more than $1.1 million, according to Cervelli Real Estate and Property Management.