Deals

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

Industrial
NAI Hanson inks sale of South Hackensack industrial building to chimney services business

A chimney services company has purchased a 4,400-square-foot industrial building in South Hackensack, according to a broker with NAI James E. Hanson.

Retail
PREIT sells Vineland mall for $45 million in ongoing quest to shrink debt load

PREIT has sold Vineland’s Cumberland Mall and several outparcels for $45 million, shedding another piece of its South Jersey portfolio to help reduce a reported $1.8 billion in debt.

Retail
LMC: Tattoo studio opens after inking 750 sq. ft. lease in Somerset

A longtime tattoo artist has opened a new studio in Franklin Township, where it’s leasing 750 square feet under a deal arranged by Levin Management Corp.

Residential & Mixed Use
Magill Real Estate buys 48-unit Elizabeth high-rise for $6.2 million, Kislak says

A local operator has purchased a 48-unit apartment high-rise in Elizabeth for $6.2 million, in a newly completed deal by The Kislak Co. Inc.

Industrial
NAI Hanson: Online millwork business leases 10,000 sq. ft. at Sparta industrial park

7 Aaron Way in Sparta — Courtesy: NAI James E. Hanson By Tina Traster An online retailer has taken 10,400 square feet of newly built industrial space at the White Lake Commerce Park in Sparta, a broker with NAI James…

Residential & Mixed Use
Bijou, Accurate to partner in Montclair apartment project, in joint venture deal brokered by JLL

Development firms Bijou Properties and Accurate are teaming to build 74 luxury apartments in downtown Montclair, brokers with JLL announced Monday.

Residential & Mixed Use
Grid: Investor buys 10 apartments, retail space in Jersey City Heights for $3.8 million

An investor has picked up 10 apartments and two retail spaces with its purchase of a two-building portfolio in Jersey City, according to a broker with Grid Real Estate.

Industrial
Realterm buys two-building, 42,000 sq. ft. warehouse portfolio in East Rutherford

Investment manager Realterm has added nearly 42,000 square feet in New Jersey with its purchase of two industrial buildings in East Rutherford, in a deal by NAI James E. Hanson.

Industrial
Seagis, DHL Global Forwarding ink 17,000 sq. ft. industrial lease in Carteret, BRC says

A unit of shipping giant DHL has taken more than 17,000 square feet of industrial space in Carteret, in a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
Gebroe-Hammer inks sale of 119-unit Essex Co. portfolio, hitting $1.35 billion through Q3

An apartment owner has sold a 119-unit portfolio in Essex County for $16.55 million, in one of nearly two dozen third-quarter deals by Gebroe-Hammer Associates.