Deals

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

Residential & Mixed Use
JLL: Parsippany apartments fetch $83 million in deal involving Harbor Group, DSF affiliates

A global investment firm has sold a 212-unit luxury apartment building in Parsippany for more than $80 million, allowing a Boston-based buyer to expand its holdings in the state.

Industrial
Newmark inks final deal in sale of $100 million light industrial portfolio in Somerset, Warren

Newmark has brokered the sale of two buildings in Somerset County with a combined 236,000 square feet, completing the trade of a portfolio valued at more than $100 million.

Retail
Pizzeria leases 2,100 sq. ft. at Flanders retail center, BRC says

A pizzeria is taking 2,100 square feet at a Mount Olive shopping center, in a newly announced deal by Bussel Realty Corp.

Office
Denholtz sells 238,000 sq. ft. office, flex portfolio in Hamilton, in Newmark-brokered deal

Denholtz Properties has sold nearly 240,000 square feet of office and flex space in Hamilton as part of a newly announced, $26.5 million deal arranged by Newmark.

Industrial
Developer sells 14,000 sq. ft. industrial space under construction in Sparta, NAI Hanson says

The site of a nearly 15,000-square-foot industrial building under construction in Sparta has traded for $2.1 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Chilmark: Flooring company expands in Allendale with another 24,000 sq. ft.

A flooring company has expanded its footprint in Allendale with a newly completed lease for nearly 24,000 square feet, according to a broker with Chilmark Real Estate Services.

Retail
Larken signs new 1,200 sq. ft. lease, adding pet salon to Lopatcong shopping center

Larken Associates has completed a lease that will bring a pet grooming salon to a two-building, 30,000-square-foot shopping center in Warren County.

Residential & Mixed Use
Hudson Atlantic: Stratford apartments trade for first time in 60 years, fetching $9.5 million

The owner of an 82-unit apartment complex in Camden County has sold the property for the first time in its 59-year history, in a deal arranged by Hudson Atlantic Realty.

Residential & Mixed Use
Developer sells 15-unit Cliffside Park apartment building for $6.5 million, Veerman says

The developer of a 15-unit apartment building in Cliffside Park has sold the property for $6.5 million, in a newly announced deal by Veerman Asset Management.

Office
Cosmetics firm takes 16,000 sq. ft. at Glenpointe for new U.S. headquarters, Sanzari says

A global cosmetics company is bringing its U.S. headquarters to the Glenpointe campus in Teaneck after a newly completed lease with Alfred Sanzari Enterprises.