Deals

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

Office
Marcus inks $13 million sale of 28,000 sq. ft. office, retail property in downtown Red Bank

An investment group has sold a mixed-use building in downtown Red Bank for $12.75 million, or more than $450 per square foot, in a deal arranged by Marcus & Millichap.

Office
Sanzari touts lease expansion at Glenpointe by waste collection, recycling firm

A waste collection and recycling firm has expanded at the Glenpointe campus in Teaneck, where it now leases nearly 18,000 square feet from Alfred Sanzari Enterprises.

Residential & Mixed Use
Hudson Atlantic closes $10 million sale of 18-unit New Providence rental property

An investor has acquired an 18-unit luxury apartment property in New Providence for $10 million, in a newly announced deal by Hudson Atlantic Realty.

Retail
Investor buys 4,500 sq. ft. net-leased QuickCheck in Woodbridge for $11 million, Marcus says

A private buyer has paid $11 million for the site of a net-leased QuickChek store in Woodbridge, brokers with Marcus & Millichap announced Monday.

Industrial
STRO fills Union warehouse, inking 12,000 sq. ft. lease with Rise Against Hunger

The STRO Cos. has leased nearly 12,000 square feet at a Union Township industrial building to a nonprofit focused on addressing global hunger.

Industrial
Ridgecut, Marcus Partners acquire low-coverage industrial service property in South Plainfield

A partnership has acquired a South Plainfield industrial property that it’s now marketing to tenants, seeking to leverage the site’s low coverage and proximity to Interstate 287.

Retail
S.Hekemian Group adds furniture, restaurant chains to fill retail space at North Market

The S.Hekemian Group has added three prominent retailers to the mixed-use development that has helped revitalize the former Mercedes-Benz USA campus in Montvale.

Office
NAI Hanson: Mental health organization buys 23,000 sq. ft. Parsippany office building

A community organization has found a new headquarters after acquiring a nearly 23,000-square-foot office building in Parsippany, a broker with NAI James E. Hanson said Thursday.

Deals
Outgoing owner of printing business sells Burlington facility, Vantage Commercial says

The retiring owner of a printing business has sold a 3,000-square-foot facility along Route 130 in Burlington, in a newly announced deal by Vantage Commercial.

Industrial
Terreno sells North Bergen industrial building for $26 million, nearly doubling investment

Terreno Realty Corp. has sold a 127,000-square-foot industrial building in North Bergen for some $25.5 million, nearly double the price it paid for the property in 2017.