Deals

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

Office
Larken, childcare center ink 8,000 sq. ft. lease in Skillman

Larken Associates has negotiated a lease with M&A Square Creative Corner for an 8,000-square-foot space formerly occupied by a Montessori school in Montgomery Township.

Retail
Joint venture sells 129,000 sq. ft., ShopRite-anchored center in Hackensack, JLL says

JLL has negotiated the sale of Riverfront Plaza, a 129,000-square-foot shopping center anchored by ShopRite in Hackensack.

Office
Saxum sells repositioned office, retail building in Montclair for $18 million, Marcus says

An investor has purchased a newly renovated office and retail building in downtown Montclair for $18 million, brokers with Marcus & Millichap announced Tuesday.

Residential & Mixed Use
Gebroe-Hammer inks sale of 83 apartments in Paterson, in deals totaling $12.4 million

An apartment owner has sold 83 units in Paterson for a combined $12.36 million, in a series of newly announced transactions by Gebroe-Hammer Associates.

Retail
CBRE: Milbrook acquires 190,000 sq. ft. West Caldwell retail center for $47 million

A joint venture has sold a nearly 190,000-square-foot, grocery-anchored shopping center in West Caldwell for $47 million, according to a brokerage team with CBRE. 

Office
Leica Camera to move North American HQ to Sanzari’s Glenpointe campus

Leica Camera Inc. has signed a long-term lease to bring its North American headquarters to Glenpointe, Alfred Sanzari Enterprises’ flagship business campus in Teaneck.

Office
Silverman Group sells 133,000 sq. ft. Florham Park office campus for $25 million, CBRE says

The Silverman Group has sold a two-building office complex in Florham Park, fetching $24.5 million for the nearly 133,000-square-foot property.

Residential & Mixed Use
Six-building, 132-unit Monmouth apartment complex fetches $29 million, Kislak says

An investor has purchased a 132-unit apartment complex in Keyport for $29 million, under a deal arranged by The Kislak Co. Inc.

Health Care & Education
Freehold medical office building trades for $8.2 million

A real estate investment trust has purchased a medical office building in Freehold for $8.2 million, according to a brokerage team with Physician Real Estate Capital Advisors.

Retail
NAI Hanson: SportsCare takes 2,400 sq. ft. at Bergenfield strip center

A physical therapy chain has leased nearly 2,500 square feet of retail space in downtown Bergenfield, in a newly announced transaction by NAI James E. Hanson.