Deals

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

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.

Residential & Mixed Use
Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Industrial
Larken announces new leases, expansion at 550,000 sq. ft. Hillsborough business park

Larken Associates has announced nearly 9,000 square feet in new leasing at its 550,000-square-foot Hillsborough Business Center in Somerset County.

Office
NAI Hanson: Speech, occupational therapy practice leases 4,000 sq. ft. in Wayne

A speech and occupational therapy group has taken 4,000 square feet of office space in Wayne, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Gebroe-Hammer inks sale of Philadelphia apartments, rounding out $93 million in deals

The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.

Residential & Mixed Use
Fort Lee apartment high-rise sells for $52 million

An investment firm has acquired a 128-unit apartment tower in Fort Lee for nearly $52 million, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.