Deals

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

Retail
Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.

Industrial
Connors brokers sale of 25,000 sq. ft. Kearny industrial building

The William F. Connors Agency has completed the sale of a nearly 25,000-square-foot industrial property in Kearny, the Bayonne-based brokerage firm announced Wednesday.

Industrial
Ivy Realty adds 172,000 sq. ft. Camden County industrial portfolio for $19 million

Investment firm Ivy Realty has purchased a pair of single-tenant industrial buildings in Camden County for $19.25 million, adding more than 170,000 square feet to its portfolio.

Industrial
Cedar Knolls building fully leased after deal with IT equipment rentals firm, NAI Hanson says

A provider of IT equipment rentals has leased more than 14,000 square feet at a Morris County industrial building, according to brokers with NAI James E. Hanson.

Industrial
Outdoor storage site in Logan Twp. trades for $1.2 million

Lee & Associates of Eastern Pennsylvania has negotiated the sale of a 1.56-acre industrial outdoor storage parcel in Logan Township.

Office
Ticketing software firm takes 1,600 sq. ft. in Middlesex, Boniakowski says

A California-based firm has leased 1,600 square feet of office space in northwest Middlesex County, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Office
Birch, Lionstone acquire 308,000 sq. ft. Hopewell office portfolio for $70 million

The Birch Group and Lionstone Capital LLC have purchased a nearly 310,000-square-foot office portfolio in Hopewell Township for $70 million, the firms announced Tuesday.

Finance & Capital Markets
Bridge lands $25 million loan for 190,000 sq. ft. Middlesex Co. warehouse project, JLL says

Bridge Industrial has secured a $25 million construction loan for a project that will bring nearly 200,000 square feet of new industrial space to northern Middlesex County.

Industrial
Food distributor takes 13,000 sq. ft. at Sparta industrial building, NAI Hanson says

NAI James E. Hanson has negotiated a new 12,920-square-foot industrial lease in Sparta.

Retail
Michaels takes 25,000 sq. ft. at Newton shopping center, Jeffery Realty says

Arts and crafts retailer Michaels leased 25,000 square feet in Sussex County, in one of several newly announced transactions by Jeffery Realty.