Deals

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

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.

Retail
Family entertainment center takes 37,000 sq. ft. at Millville retail site, Irgang says

Irgang Group has inked a 36,500-square-foot anchor lease to bring Fun City Adventure Park, a family entertainment concept, to a 393,000-square-foot retail center in Millville.

Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Office
PNC inks 26,000 sq. ft. office lease at Overlook Corporate Center, JLL says

PNC Bank has taken more than 26,000 square feet at Overlook Corporate Center in Little Falls, in one of two newly announced leases at the property by JLL.

Industrial
Diversified buys 9,000 sq. ft. industrial building in Montville

Diversified Properties has purchased a 9,000-square-foot industrial building in the Towaco section of Montville.

Residential & Mixed Use
Kislak: Family owners sell 120-unit apartment portfolio in Elizabeth, Hillside for $15 million

A family ownership group has sold a 120-unit apartment portfolio in Union County for $15 million, in a newly announced deal by The Kislak Co. Inc.