Deals

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

Office
Deluccia: Solar products firm takes 8,300 sq. ft. in downtown Somerville

A commercial solar products company has leased 8,300 square feet of office space in downtown Somerville, in a deal arranged by Deluccia Commercial Group.

Office
Mitsubishi Chemical unit signs 40,000 sq. ft. renewal at Route 202 office, production facility

A division of Mitsubishi Chemical America has renewed its lease at a 40,000-square-foot office and manufacturing facility in Morris County, brokers with CBRE said Tuesday.

Deals
BRC: Investor completes 1031 exchange after $37 million industrial sale in Bridgewater

A firm that recently sold a five-building industrial complex in Bridgewater has acquired a retail center in the Southeast as part of a Section 1031 like-kind exchange.

Finance & Capital Markets
Marcus arranges $13.3 million acquisition loan for Sussex retail center

An investor has secured a $13.3 million acquisition loan for a grocery-anchored shopping center in Sussex County, in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Owner of 24-unit North Bergen apartment, retail building sells after 25 years, Redwood says

The longtime owner of a 24-unit apartment and retail building in North Bergen has sold the property for $2.5 million, according to a broker with Redwood Realty.

Industrial
Lowe’s preleases 103,000 sq. ft. Hamilton warehouse project, Corporate America Realty says

Lowe’s Home Centers Inc. has leased more than 100,000 square feet of new industrial space in Hamilton, filling the second piece of a speculative development near Interstate 295.

Industrial
JLL: Rockefeller sells 454,000 sq. ft. Lehigh Valley warehouse to Link for $91 million

Rockefeller Group has sold a nearly 454,000-square-foot industrial building in Pennsylvania’s Lehigh Valley for $91 million, in a newly announced deal by JLL.

Residential & Mixed Use
Hudson Atlantic closes $14.7 million sale of 26-unit Madison apartment building

A distinctive 26-unit apartment building in downtown Madison has traded for $14.7 million, brokers with Hudson Atlantic Realty announced Wednesday.

Retail
Azarian: Hobby Lobby takes 59,000 sq. ft. at Neptune Twp. shopping center

Hobby Lobby has leased nearly 59,000 square feet at a grocery-anchored retail center in Neptune Township, in a newly announced deal by Azarian Realty Co.

Retail
Growing circuit-based gym franchise takes 3,000 sq. ft. in Old Bridge, LMC says

A gym franchise has found a new home in Old Bridge after leasing space at a 26,000-square-foot shopping center, according to an agency team with Levin Management Corp.