Deals

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

Industrial
Private investor buys 33,000 sq. ft. Hasbrouck Heights industrial building

A private investor has purchased a fully leased, 33,000-square-foot industrial building in Hasbrouck Heights, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Sale of 150-unit Central Jersey rental complex caps $1.47 billion year for Gebroe-Hammer

A garden-style apartment complex with more than 150 units has changed hands in central New Jersey, in a deal arranged by Gebroe-Hammer Associates, capping a year in which the firm brokered nearly $1.5 billion in multifamily investment sales.

Office
Avison Young: Medical device maker takes 54,000 sq. ft. at Marlton office building

A medical device company has secured its new headquarters after leasing 54,000 square feet at a Burlington County office building, a broker with Avison Young announced Tuesday.

Residential & Mixed Use
Hackensack apartment building trades for $5 million, Cervelli says

Investors have purchased a 28-unit apartment building in Hackensack for $5 million, in a newly announced transaction by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Diversified buys 10 acres in Jefferson slated for new upscale apartments

Diversified Properties has acquired nearly 10 acres in Morris County where it now plans to build 32 new apartments as the first piece of a multiphase redevelopment.

Residential & Mixed Use
Veerman: New York investor sells 211-unit Hudson County rental portfolio for $70 million

An investment firm has sold a five-building, 211-unit apartment portfolio in Hudson County for more than $70 million, in a newly announced deal by Veerman Asset Management.

Office
Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building.

Residential & Mixed Use
Marcus New Jersey team helps broker sale of 57-unit rental complex in Raleigh

A private investor has sold a 57-unit apartment complex in Raleigh, North Carolina, for nearly $10 million, according to a broker in Marcus & Millichap’s New Jersey office.

Finance & Capital Markets
Provident closes $7.5 million loan to refi Ashkenazy-owned retail center in Atlantic City

Ashkenazy Acquisition Corp. has secured a $7.5 million loan to refinance a 76,000-square-foot, grocery-anchored shopping center in Atlantic City.

Retail
TFE acquires distinctive 12,000 sq. ft. retail property in downtown Westfield

TFE Properties LLC has purchased a former bank building in downtown Westfield that in recent years has been home to an Urban Outfitters store, the firm announced.