Deals

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

Residential & Mixed Use
Kislak inks sale of 43-unit North Arlington rental portfolio for $8.4 million

A portfolio of 43 apartments and commercial space in North Arlington has changed hands for the first time in more than a century, according to brokers with The Kislak Co. Inc.

Industrial
Terreno expands Port Newark portfolio with 2.5-acre industrial parcel, Blau & Berg says

Terreno Realty LLC has purchased more than two acres of industrial property in Newark’s port district, in a newly announced transaction by The Blau & Berg Co.

Industrial
WP Properties leases 48,000 sq. ft. to backfill two Dover industrial spaces

WP Properties has backfilled a pair of neighboring industrial spaces in Dover, the firm announced, in leases that total 48,000 square feet.

Office
WCRE: Cherry Hill office complex slated for redevelopment after sale

The new owner of two office buildings in Cherry Hill is planning to add retail space after closing on its acquisition of the property, according to a broker with Wolf Commercial Real Estate.

Office
Local buyer adds 12,000 sq. ft. Hammonton medical office complex, Vantage Commercial says

A local investor in Atlantic County has added to his portfolio with the purchase of five buildings with nearly 12,000 square feet of medical office space, according to the broker in the deal.

Industrial
Second logistics firm coming to Morris County property, leasing 844,000 sq. ft.

A logistics firm has leased more than 840,000 square feet of industrial space in Morris County, helping to backfill what was a sprawling Toys R Us facility that investors have repositioned.

Office
Investment group sells 400,000 sq. ft. Mount Laurel office portfolio for $51 million

An investment firm has sold five office buildings in Mount Laurel for $51 million, touting the completion of a value-add strategy at the nearly 400,000-square-foot portfolio.

Retail
LMC: Indoor play center chain takes 14,000 sq. ft. in Jersey City

Levin Management Corp. has negotiated a 14,000-square-foot lease for Catch Air at Twin City Shopping Center in Jersey City, in the indoor play center’s third location in New Jersey.

Retail
NAI Hanson: Bubble tea chain inks first retail lease at Hackensack apartment building

Bubble tea chain Gong Cha has leased 1,050 square feet of retail space at the base of a newly renovated building in Hackensack, according to NAI James E. Hanson.

Office
Newmark: Co-working firm comes to East Brunswick, inks lease at One Tower Center

A co-working provider has opened its doors in East Brunswick after leasing space at the newly renovated, 24-story One Tower Center building, brokers with Newmark announced.