Deals

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

Residential & Mixed Use
RMS Cos. sells newly built, 153-unit rental property in Union Twp.

Development firm RMS Cos. has sold a 153-unit luxury apartment building in Union Township, its first completed project in New Jersey, in a deal arranged by CBRE.

Industrial
Kosher foods wholesaler buys 74,000 sq. ft. Carteret industrial building, BRC says

A distributor of Kosher foods has purchased a 74,000-square-foot industrial building in Carteret for $11.75 million, brokers with Bussel Realty Corp. announced Tuesday.

Government & Public Policy
NAI Hanson: Township acquires, preserves would-be development site in Hunterdon County

The Hunterdon County township of Raritan is preserving 48 acres near Route 202 after acquiring the property, according to a broker with NAI James E. Hanson.

Industrial
STRO acquires 45,000 sq. ft. Fairfield industrial building

The STRO Cos. has bolstered its holdings in Fairfield with the acquisition of a 45,000-square-foot industrial building off Route 46.

Industrial
Partnership sells 5.6-acre industrial storage site near Port Newark, C&W says

A joint venture has sold a 5.6-acre industrial outdoor storage property in Newark, brokers with Cushman & Wakefield announced Monday.

Retail
Wendy’s adds 3,300 sq. ft. location in Hudson County, Goldstein Group says

Wendy’s has signed a new lease along a key commercial corridor in Hudson County, in one of three newly announced deals by The Goldstein Group.

Health Care & Education
Joint venture buys Clifton medical office building for $16 million, C&W says

A partnership has purchased a nearly 63,000-square-foot medical office building in Clifton for $16 million, brokers with Cushman & Wakefield announced Thursday.

Industrial
NAI Hanson: Glass maker takes 14,000 sq. ft. at Sparta industrial park

A glass manufacturer has leased more than 14,000 square feet at a new industrial park in Sparta, according to a broker with NAI James E. Hanson.

Industrial
Sheldon Gross inks sale of Newark auto body shop property for $750,000

A commercial property on Newark’s Verona Avenue has changed hands for $750,000, in a deal brokered by Sheldon Gross Realty Vice President Eric Weston.

Residential & Mixed Use
Investor sells 115-unit garden apartment portfolio in Newton for $22 million, Kislak says

An investment firm has sold a three-property, 115-unit apartment portfolio in Sussex County for more than $22 million, in a newly announced deal by The Kislak Co. Inc.