Deals

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

Retail
Marcus inks sale of 9,400 sq. ft. Millburn retail asset for $3.2 million

A private investor has purchased a nearly 10,000-square-foot retail center in downtown Millburn for $3.2 million, brokers with Marcus & Millichap announced Wednesday.

Industrial
Home Depot affiliate takes 196,000 sq. ft. at new Bayonne industrial building

An affiliate of Home Depot has leased nearly 200,000 square feet at a soon-to-be-built industrial property in Bayonne, in a newly announced deal by JLL.

Residential & Mixed Use
Sanzari, apparel maker sign 36,000 sq. ft. renewal in South Hackensack

An apparel company has signed a renewal at a South Hackensack industrial building, where it occupies more than 36,000 square feet under a lease with Alfred Sanzari Enterprises.

Retail
Federal Realty buys ex-bank property in downtown Hoboken, Pierson says

The site of a former bank branch in downtown Hoboken has traded for $9 million, in a newly announced deal by Pierson Commercial.

Office
WCRE: Conrail takes 32,000 sq. ft. at Mount Laurel office building

Conrail has leased more than 32,000 square feet at a recently updated office building in Mount Laurel, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
Brookfield buys site of Kearny freight transfer facility for $67 million

Brookfield Asset Management has acquired the site of a nearly 57,000-square-foot industrial building in Kearny, in a deal reportedly valued at $67.25 million.

Deals
CPN: Plumbing, heating business buys Princeton building for new headquarters

A local plumbing and heating business has purchased a 5,000-square-foot building in Princeton, securing a space that will become the company’s home starting in 2023.

Deals
Gloucester Twp. sells ex-elementary school building, WCRE says

A school district in Camden County has sold a former elementary school building near Route 42, in a recent transaction by Wolf Commercial Real Estate.

Industrial
Mahwah industrial building fetches $20 million, trading for second time in two years

Sitex Group has purchased a nearly 85,000-square-foot industrial property in Mahwah for $20 million, in a recent transaction by Kassin Sabbagh Realty.

Retail
Grid inks flurry of restaurant, retail leases among 16 deals in Hudson County

A new barbecue restaurant is coming to the base of a Jersey City apartment building, under one of several recent Hudson County retail leases by Grid Real Estate.