Deals

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

Industrial
Industrial outdoor storage parcel with 5,000 sq. ft. shop facility trades in South Amboy

The site of a vacant mechanic’s shop and office facility in South Amboy has changed hands to a new user, in a deal arranged by Cushman & Wakefield.

Industrial
Maersk subsidiary takes 1.2 million sq. ft. at new LogiPropCo warehouse in Cinnaminson

A developer has landed a tenant for a new 1.2 million-square-foot warehouse in Burlington County, reportedly inking a full-building lease with a unit of shipping giant Maersk.

Office
Condo sales in Hillsborough, Green Brook among latest commercial deals by Boniakowski

An investor has purchased a nearly 1,200-square-foot medical office condominium in Hillsborough, in one of two new deals by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Kislak: Developer sells new boutique rental building in Jersey City for $625,000 per unit

Legacy Development Group has sold a new 31-unit luxury apartment building in Jersey City for $20 million — a per-unit price of $625,000 — in a deal arranged by The Kislak Co. Inc.

Health Care
West Orange medical office building trades for $2.5 million, NAI Hanson says

An investor has sold a 10,000-square-foot medical office building in West Orange for $2.5 million, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use
LEG buys 170-unit Long Branch rental property with $122 million equity, debt deal

Lincoln Equities Group has acquired a new 170-unit luxury multifamily property in Long Branch with the help of $121.5 million in equity and financing secured by Walker & Dunlop and as part of an investment sale arranged by Cushman & Wakefield.

Retail
Longtime owner sells 24,000 sq. ft. Glen Rock retail center in deal arranged by C&W

Brentwood Realty has acquired more than 24,000 square feet of retail space in Glen Rock, in a newly announced deal by Cushman & Wakefield.

Industrial
Vitamin distributor leases 5,000 sq. ft. at Garwood industrial building, BRC says

A national vitamin distributor has taken more than 5,000 square feet of industrial space in Garwood, according to a brokerage team with Bussel Realty Corp.

Industrial
Resource Realty inks North Jersey industrial sales totaling $7.5 million, plus three leases

Commerce Park Investors has acquired a 28,000-square-foot warehouse in Randolph for $4.5 million, in one of five newly announced deals by Resource Realty of Northern New Jersey.

Retail
Historic retail, office building in downtown Somerville trades for $2.7 million, Kislak says

A historic 45,000-square-foot commercial building in downtown Somerville has changed hands for nearly $2.7 million, according to a brokerage team with The Kislak Co. Inc.