Deals

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

Industrial
Marcus inks sale of 31,000 sq. ft. Newark industrial building for $6 million

A private owner has sold a nearly 32,000-square-foot Newark industrial building for $6 million, in a newly announced transaction by Marcus & Millichap.

Hospitality & Tourism
Newly renovated Somerset County hotels change hands for $36 million

An investment manager has purchased two Somerset County hotels with a combined 234 rooms, having secured more than $30 million in acquisition financing for the transaction.

Retail
Zoltek Commercial inks deals on redevelopment projects in Wood-Ridge, East Orange

Zoltek Commercial Real Estate Services has negotiated closings on redevelopment properties in Wood-Ridge and East Orange.

Deals
Treetop buys medical office building, development sites in Bridgewater for $27 million

Treetop Development has acquired three properties in Bridgewater for $27 million, adding a medical office building and two adjacent lots that it hopes to develop as industrial space.

Retail
REIT sells West Long Branch retail center for $63 million, Marcus & Millichap says

A real estate investment trust has sold a nearly 300,000-square-foot power center in West Long Branch for $63 million, brokers with Marcus & Millichap announced Wednesday.

Office
GHP sells 105,000 sq. ft. Rochelle Park office building for $18 million

The longtime owner of a 105,000-square-foot office building in Rochelle Park has sold the property for $17.8 million, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari: Tech firm outgrows co-working space, inks new lease at Glenpointe

A technology firm is expanding at the Glenpointe campus in Teaneck, signing a new lease with Alfred Sanzari Enterprises after starting at the property’s recently launched co-working space.

Retail
SuperFresh takes 25,000 sq. ft. in Clifton, in one of four CBRE-brokered deals

Grocery chain SuperFresh has signed a new 25,000-square-foot lease in Clifton, in one of several newly announced retail deals by CBRE.

Office
Investment adviser extends 40,000 sq. ft. lease in Bridgewater

A financial services firm that occupies more than 40,000 square feet of office space in Bridgewater has extended its lease, according to a broker with Avison Young.

Retail
Azarian: Pediatric dentist, urgent care ink leases at grocery-anchored center in Allendale

Two health care tenants are coming to an Allendale shopping center, leasing a combined 5,370 square feet under a set of deals arranged by Azarian Realty Co.