Deals

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

Industrial
New 102,000 sq. ft. Somerset warehouse attracts tenants in furniture delivery, agriculture

A developer has secured two leases to fill more than 102,000 square feet of new industrial space in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Industrial
Ridgecut Road adds 5.8-acre industrial service, outdoor storage facility in Lincoln Park

Ridgecut Road has acquired a 5.8-acre industrial service and outdoor storage property in Lincoln Park, expanding its portfolio to a high-demand submarket in Morris County.

Retail
Sanzari fills 4,200 sq. ft. at Hackensack retail center with new liquor store lease

A new wine and liquor store is coming to Alfred Sanzari Enterprises’ Summit Plaza in Hackensack after committing to more than 4,200 square feet at the property.

Retail
Heidenberg-led JV acquires grocery-anchored center at Paramus Park Mall for $38 million

An investment group has acquired a more than 181,000-square-foot retail asset alongside the Paramus Park Mall and near the crossroads of Route 17 and the Garden State Parkway.

Residential & Mixed Use
JLL: Russo, KRE close on Bergen Town Center parcel for 426-unit apartment project

Urban Edge Properties has completed its sale of a parcel at Bergen Town Center in Paramus, paving the way for a new 426-unit multifamily project by Russo Development and KRE Group.

Food & Beverage
Private buyer acquires West Caldwell’s Brook Tap House, KenKap says

A restaurant property in West Caldwell has changed hands for an undisclosed price, in a newly announced transaction by KenKap Realty Corp.

Residential & Mixed Use
Investors trade 24-unit Roselle Park apartment building in deal arranged by Kislak

An investor has sold a 24-unit apartment building in Roselle Park for nearly $4.2 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Cushman touts sales of six bank branches in northern, central N.J. in deals totaling $5.7 million

Six vacant bank branches in New Jersey have changed hands after a series of deals totaling more than $5.7 million, brokers with Cushman & Wakefield announced Friday.

Office
Princeton Junction office building trades for $2.2 million, Sheldon Gross says

A private investor has purchased a 13,000-square-foot office building in West Windsor for $2.19 million, in a newly announced deal by Sheldon Gross Realty.

Office
WCRE: Tenant takes 2,700 sq. ft. at Gloucester County office building

The owner of an office building in Gloucester County has added to its tenant roster with a new lease for more than 2,700 square feet, brokers with Wolf Commercial Real Estate said.