Deals

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

Residential & Mixed Use
Gebroe-Hammer inks sale of 39-unit Bloomfield apartment building

A private investor has purchased a 39-unit apartment building in southeastern Bloomfield, under a newly announced deal by Gebroe-Hammer Associates.

Office
NAI Hanson: Law firm sells 3,000 sq. ft. office space in Chester, signs new lease nearby

A law firm has found a new home in Morris County after leasing 3,000 square feet near its previous location on Route 24, in a deal arranged by NAI James E. Hanson.

Retail
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.

Industrial
STRO teams with KRE, Fidelco to buy 77,000 sq. ft. Newark industrial complex

Three of the state’s well-known commercial real estate firms have acquired a multi-building, 77,000-square-foot industrial complex just west of Newark Liberty International Airport.

Industrial
Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.

Industrial
Terreno buys 10-acre industrial parcel in Newark for $17.3 million

Terreno Realty Corp. has purchased a nearly 10-acre industrial property in Newark for $17.3 million, the Bellevue, Washington-based firm announced last week.

Industrial
Somerset firm acquires 56,000 sq. ft. warehouse in Branchburg, GM Realty says

An affiliate of a Somerset-based pharmaceutical firm has acquired a 56,000-square-foot warehouse in Branchburg, according to the brokerage GM Realty Advisors Inc.

Office
Sheldon Gross, KW Commercial ink sale of 17,000 sq. ft. Neptune property

A private investor has purchased a 17,000-square-foot office and flex building in Neptune for $3.2 million, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Landscaper buys Hunterdon site with outdoor storage, office space for growing business

A landscape design and maintenance firm has purchased a mixed-use property in Tewksbury that will provide new space for its growing business, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Developer sells new 62-unit rental building in downtown Bergenfield, Kislak says

An affiliate of Hornrock Properties has sold a new 62-unit luxury apartment building in Bergenfield for nearly $23 million, in a deal arranged by The Kislak Co. Inc.