Deals

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

Industrial
IDI plans new industrial developments after acquiring office sites in Piscataway, Ewing

IDI Logistics has bolstered its development pipeline in the state with its purchase of office properties in Piscataway and Ewing, with plans to redevelop both as industrial space.

Industrial
Connors inks sale of 30,000 sq. ft. Passaic warehouse

The William F. Connors Agency has announced the sale of a 30,000-square-foot industrial building in Passaic.

Retail
Investors sell 15,000 sq. ft. retail strip center in East Hanover, The Goldstein Group says

An investment group has sold a 15,000-square-foot retail center off Route 10 in East Hanover, in a newly announced transaction arranged by The Goldstein Group.

Office
Scarinci Hollenbeck takes 19,000 sq. ft. in planned HQ move to Overlook Corporate Center

Law firm Scarinci Hollenbeck LLC has found a new home after leasing space at a well-known location in Little Falls, brokers with JLL and Avison Young announced this week.

Retail
Denholtz, brewery ink 12,000 sq. ft. lease for new-look Fort Monmouth commissary building

Denholtz Properties has secured its first tenant at a repurposed commissary building at Fort Monmouth, leasing more than 12,000 square feet for a planned brewery and tasting room.

Residential & Mixed Use
Gebroe-Hammer inks sale of Orange apartments, with deals totaling $979 million at midyear

A private investor has purchased a 120-unit apartment building in Orange for more than $22 million, brokers with Gebroe-Hammer Associates announced, touting the firm’s completion of nearly $1 billion in multifamily investment sales during the first half of 2022.

Office
Siemens takes 43,000 sq. ft. at Parsippany’s 2 Gatehall, Newmark says

Siemens Corp. has leased more than 43,000 square feet of office space in Parsippany, according to brokers with Newmark, in a deal with Silverman Realty Group Inc.

Office
Owner of e-commerce firm buys 38,000 sq. ft. Edison office building, Zimmel says

An undisclosed e-commerce business has acquired a nearly 38,000-square-foot office building in Edison, in a newly announced deal by Zimmel Associates.

Industrial
Blau & Berg represents buyer, seller in trade of 4.3-acre industrial lot in South Plainfield

The Blau & Berg Co. has completed the sale of more than four acres of outdoor industrial storage space in South Plainfield, less than two miles from Interstate 287.

Industrial
NAI Hanson completes lease for Jersey City industrial lot

A contractor that serves water, waste and energy utilities has leased more than three quarters of an acre in Jersey City, in a newly announced transaction by NAI James E. Hanson.