Deals

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

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.

Industrial
Pool contractor buys 24,000 sq. ft. industrial complex in Hillsborough, Deluccia says

A swimming pool contractor has purchased a 24,000-square-foot industrial property in Hillsborough for $3.1 million, in a deal arranged by Deluccia Commercial Group.

Retail
Salon suite tenant takes 10,000 sq. ft. at Brick retail center

A provider of salon suites has leased nearly 10,000 square feet at an Ocean County shopping center, according to a broker with Vantage Commercial.

Residential & Mixed Use
Kislak inks sale of 127-unit Monmouth rental portfolio for $34 million

A portfolio of nearly 130 apartments in Monmouth County has changed hands for $34 million, in a newly announced transaction by The Kislak Co. Inc.

Industrial
Contractor buys 19,000 sq. ft. industrial building in Union Twp.

The Blau & Berg Co. has brokered the sale of a 19,000-square-foot industrial property in Union Township, the Short Hills-based firm announced this week.

Retail
Four new tenants combine for 45,000 sq. ft. at Hazlet retail center, Pierson says

The owners of a new-look shopping center in Hazlet have welcomed four additional tenants to the property, in a series of deals announced Thursday by Pierson Commercial.

Retail
JLL brokers sale of grocery-anchored retail center in Rockland County for $27 million

A joint venture has sold a grocery-anchored shopping center in New York’s Rockland County for $26.5 million, in a deal by JLL’s Morristown-based capital markets team.

Industrial
Investor adds to South Jersey footprint with 75,000 sq. ft. Burlington property

An investment group has purchased a 75,000-square-foot industrial building off Route 130, with plans to “explore expansion opportunities” at the Burlington Township property.