Deals

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

Industrial
Branchburg industrial condos totaling 15,000 sq. ft. trade for $2.7 million, Deluccia says

Deluccia Commercial Group has brokered the sale of three contiguous, 5,000-square-foot industrial condominium units in Somerset County for $2.7 million.

Industrial
Sitex adds 40,000 sq. ft. Avenel industrial building for $20 million, in short-term sale-leaseback

Sitex Group has purchased a 40,000-square-foot industrial building in the Avenel section of Woodbridge for $19.7 million, in a newly announced deal by Bussel Realty Corp.

Industrial
Business owner sells 33,000 sq. ft. Tinton Falls industrial building, Zimmel says

The owner of a plumbing and heating supply business has sold a 33,000-square-foot industrial building in Tinton Falls for $5.4 million, brokers with Zimmel Associates announced.

Industrial
Sitar inks sale of 39,000 sq. ft. warehouse, office asset in Wall for Manasquan Bank

Manasquan Bank has sold a nearly 39,000-square-foot warehouse and office building in Wall Township for $7.7 million, according to brokers with Sitar Realty Co.

Health Care & Education
NAI Hanson completes lease to bring primary care practice to Wayne

NAI James E. Hanson has negotiated the lease of 2,521 square feet of medical office space in Wayne, the real estate services firm announced Tuesday.

Residential & Mixed Use
Two-year-old, 214-unit apartment building in Dover trades for $75 million, Berkadia says

An investment group has sold a 214-unit luxury apartment building in Dover for $75 million, marking the second trade of the property since late 2020.

Industrial
Realterm buys low-coverage, 67,000 sq. ft. warehouse site in Bergen County

Investment firm Realterm has purchased a 66,504-square-foot warehouse in the Bergen County borough of Fairview.

Retail
New big-box stores bring Totowa retail center to 97 percent leased, Katz & Associates says

A shopping center along Route 46 in Totowa is nearly full after four recent leases totaling nearly 140,000 square feet, brokers with Katz & Associates announced.

Office
JLL to launch co-working, flex concept in Secaucus, its first ground-up U.S. location

Real estate services firm JLL has picked a Secaucus office building as its first new, ground-up location in the U.S. for a flexible space and co-working concept.

Top News
Dessert maker takes 20,000 sq. ft. at new Denholtz food, beverage facility on Fort Monmouth

Denholtz Properties has lured another user to its new food and beverage hub on Fort Monmouth, where a fast-growing dessert business will now build out a new production facility.