Deals

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

Deals
NAI Hanson inks sale of Hackensack land site slated for 15,000 sq. ft. daycare center

Plans for a new daycare center in Hackensack are moving forward after the sale of a nearly half-acre development site for the facility, according to a broker with NAI James E. Hanson.

Retail
Men’s barbershop leases 1,300 sq. ft. to join Larken retail center in Raritan Borough

Larken Associates has inked a new 1,300-square-foot lease that has brought a men’s barbershop to a retail center in the Somerset County borough of Raritan.

Industrial
IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.

Office
Sanzari, Archer sign 22,000 sq. ft. renewal at Hackensack’s Court Plaza

Alfred Sanzari Enterprises has announced a lease renewal with Archer & Greiner PC, a longtime tenant at its Court Plaza office complex in downtown Hackensack.

Retail
Net-leased grocery store asset in Monmouth fetches $3 million, Marcus & Millichap says

A private investor has purchased the site of a nearly 8,000-square-foot specialty grocery store in Monmouth County, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
New York-based buyer adds 43-unit Jersey City rental portfolio for $6.9 million

A private investor has purchased a three-building, 43-unit apartment portfolio in Jersey City for $6.9 million, according to a brokerage team with Capital Realty Associates.

Industrial
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Office
SJP, biopharma firm ink new 20,000 sq. ft. lease at Bridgewater office campus

A biopharmaceutical company is relocating its New Jersey office after signing a new 20,000-square-foot lease in Bridgewater with SJP Properties.

Retail
Asian hot pot, barbeque chain takes 10,000 sq. ft. in Neptune, Azarian says

A restaurant that blends Asian hot pots with Korean barbeque has leased 10,000 square feet at a Monmouth County shopping center, in a newly announced deal by Azarian Realty Co.

Retail
Popeyes, Just Salads take space at Route 23 shopping center, Goldstein Group says

Two national restaurant chains have leased a combined 4,800 square feet at a Passaic County shopping center, in a set of deals arranged by The Goldstein Group.