Deals

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

Finance & Capital Markets
New Vernon Equities lands $15 million loan for new 76,000 sq. ft. East Hanover facility

The developer of a nearly 76,000-square-foot industrial building in East Hanover has secured $15 million in permanent financing, according to a debt placement team with JLL.

Office
Bell Works team inks six new office leases, five renewals at Holmdel property

Six companies have signed new leases for office space at Bell Works, while another five tenants have renewed or expanded at the sprawling campus in Holmdel.

Retail
Goldstein Group: Clothing shop expands to New Jersey, takes 4,000 sq. ft. in Manalapan

Three new tenants are coming to a Manalapan strip center after leasing a combined 9,100 square feet at the property, according to brokers with The Goldstein Group.

Industrial
Terreno sells Somerset industrial building for $25 million, nearly tripling purchase price

Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.

Industrial
Wharton Industrial, institutional partner buy 190,000 sq. ft. Pennsauken warehouse

Wharton Industrial has acquired a nearly 190,000-square-foot warehouse in Camden County, in one of two newly announced deals by the real estate investment firm.

Retail
Marcus inks $9.25 million sale of 41,000 sq. ft. Toms River retail property

A personal trust has sold a nearly 41,000-square-foot retail property in Toms River for $9.25 million, in a newly announced deal by Marcus & Millichap.

Industrial
Uniform maker buys 207,000 sq. ft. Hillside industrial building for $30 million, Zimmel says

A uniform company has purchased a 207,000-square-foot industrial building in Hillside for $30 million, in a newly announced deal by Zimmel Associates.

Office
Marcus: Saxum inks $10.7 million sale of 24,000 sq. ft. Red Bank office building

A private investor has acquired a nearly 25,000-square-foot office property in downtown Red Bank for $10.7 million, brokers with Marcus & Millichap said Tuesday.

Office
Needleman affiliate buys 40,000 sq. ft. Marlton office building, WCRE says

An investor has sold a 40,000-square-foot office building along Route 73 in Burlington County, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
Bus contractor takes 72,000 sq. ft. for North Bergen van depot, Lee & Associates says

A transportation company has expanded its footprint with a new 72,000-square-foot industrial lease in North Bergen, in a deal arranged by Lee & Associates New Jersey.