Deals

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

Residential & Mixed Use
Albanese closes $70 million land deal in Jersey City, eyes 670-unit apartment tower

A developer has acquired nearly two acres in Jersey City with plans to build 670 luxury apartments on the property, in a recently completed deal by Grid Real Estate.

Retail
Lighting business takes 7,000 sq. ft. for new Paramus location, Goldstein Group says

A well-known lighting business has found a new home in Paramus after leasing more than 7,000 square feet on Route 4, brokers with The Goldstein Group announced Monday.

Industrial
Samsung takes 735,000 sq. ft. in Linden, as N.J. industrial rents continue surge in Q3

Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.

Retail
Vietnamese restaurant inks lease at ex-Panera site in Delran, Vantage Commercial says

A new restaurant is coming to a former Panera space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Industrial
Investment firm snags industrial property in Elizabeth, Linden for $47 million

A Dallas-based firm has expanded its New Jersey holdings with the addition of a 10-acre industrial site in Union County, under a deal arranged by Cushman & Wakefield.

Office
KS Group buys 9,000 sq. ft. office building in home city of Newark, brokers say

A locally based developer has purchased a 9,000-square-foot office building in Newark, according to a brokerage team with Lee & Associates New Jersey.

Office
NAI Hanson: Engineering firm inks 1,800 sq. ft. sublease in Allendale

A civil engineering firm has subleased 1,800 square feet of office space in the Bergen County borough of Allendale, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Tulfra, Hampshire sell new luxury rental project in North Haledon for $89 million

Tulfra Real Estate and The Hampshire Cos. have sold a newly built, 180-unit apartment property in North Haledon for $89 million, in the culmination of a project that was a decade in the making.

Office
Avison Young: Shelbourne, electronics parts maker ink 61,000 sq. ft. lease in Piscataway

A manufacturer of electronics parts has leased more than 60,000 square feet in Piscataway, in the largest of several newly announced deals by Avison Young.

Retail
Route 22 retail center fully leased after lease with dance studio, Deluccia says

A dance studio has leased 4,200 square feet at a Somerset County shopping center, in a newly announced deal by Deluccia Commercial Group.