Deals

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

Industrial
Investor eyes 586,000 sq. ft. warehouse project after buying Salem County parcels

An investment group has purchased a 48-acre development site in Salem County, seeking to expand its holdings and capitalize on growing industrial rents in the region.

Office
South Bound Brook office building sold to municipality for $1.1 million, Deluccia says

The Borough of South Bound Brook has purchased an 8,300-square-foot office building in the municipality, in a newly announced deal by Deluccia Commercial Group.

Industrial
Petrucci: New Lehigh Valley flex park is fully leased after deal with pharma distributor

J.G Petrucci Co. Inc. has signed a new 40,000-square-foot lease in the Lehigh Valley, bringing a three-building industrial park to full occupancy after a phased buildout starting in 2019.

Industrial
Penwood fund buys 97,000 sq. ft. Meadowlands industrial building for $31 million

Penwood Real Estate Investment Management has expanded its footprint in the Meadowlands, where a fund operated by the firm has acquired a nearly 97,000-square-foot industrial building.

Retail
Larken adds 204,000 sq. ft. grocery-anchored retail center in Pike County

Larken Associates has acquired a grocery-anchored shopping center just outside Sussex County, adding more than 200,000 square feet to its retail holdings in the region.

Retail
Onyx adds three tenants, hits 92 percent occupancy at Hazlet retail center, Pierson says

The leasing team for a Hazlet shopping center has attracted three new tenants, bringing occupancy to more than 90 percent after recent deals totaling nearly 10,000 square feet.

Industrial
BRC inks sale of 8,000 sq. ft. Somerset industrial building

A local owner has sold an 8,000-square-foot industrial building in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Retail
New tenants lease nearly 13,000 sq. ft. at grocery-anchored center in Perth Amboy

Four new tenants are coming to a Perth Amboy shopping center after combining to lease nearly 13,000 square feet, in a series of deals arranged by The Goldstein Group.

Deals
Marcus inks $46 million sale of 310,000 sq. ft. retail, office portfolio in Ocean County

A real estate firm has acquired 10 retail and medical office properties in Ocean County for $46 million, expanding its footprint in the region by more than 300,000 square feet.

Office
Sanzari signs 6,400 sq. ft. renewal at Glenpointe with laser eye surgery practice

A laser eye surgery practice has renewed its nearly 6,500-square-foot lease at Alfred Sanzari Enterprises’ Glenpointe office campus in Teaneck, the landlord announced Thursday.