Deals

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

Office
Sanzari, First Bergen Title sign 2,800 sq. ft. renewal in Hackensack

Alfred Sanzari Enterprises has signed a nearly 3,000-square-foot lease renewal with First Bergen Title Agency, a longtime tenant at its Court Plaza office complex in Hackensack.

Residential & Mixed Use
Atlantic City apartment tower trades for $17 million, Marcus & Millichap says

The longtime owner of a 266-unit apartment tower in Atlantic City has sold the building for $17 million, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Port Jervis apartments trade for $14 million in 1031 exchange, Kislak says

A private apartment owner has sold a 140-unit complex in New York’s Orange County for $14.25 million, according to a brokerage team with The Kislak Co. Inc.

Residential & Mixed Use
Investors trade 484-unit Newark apartment portfolio for $80 million, Gebroe-Hammer says

A private investment group has sold nearly 500 apartments in Newark’s North Ward for more than $80 million, under a deal arranged by Gebroe-Hammer Associates.

Health Care & Education
CBRE inks $7 million trade of medical office portfolio in Bergen, Camden

An investor has purchased a series of medical office properties in Bergen and Camden counties, paying just over $7 million in a deal arranged by CBRE.

Industrial
Deck contractor buys Helmetta parcel for $925,000, Sheldon Gross says

A decking company has acquired 2.4 acres in Middlesex County that will meet its need for outdoor storage space, according to a broker with Sheldon Gross Realty.

Office
Reynolds, Capital Solutions acquire 260,000 sq. ft. office campus west of Princeton

A joint venture has acquired six office buildings outside Princeton, with plans to launch a multimillion-dollar renovation to update the portfolio and appeal to hybrid workers.

Retail
Five tenants lease 52,000 sq. ft. at South Brunswick retail center, Goldstein Group says

Five tenants have signed leases at a Middlesex County shopping center, combining for more than 52,000 square feet, in a series of newly announced transactions by The Goldstein Group.

Retail
Azarian: Spa, dessert shop combine for 3,200 sq. ft. at Livingston Town Center

A spa and a dessert shop are coming to Livingston Town Center after signing leases at the 65,000-square-foot property in Livingston.

Retail
Equity Retail inks sale of ex-Kmart building in Camden County

The site of a former Kmart building in Camden County has changed hands for an undisclosed price, under a deal arranged by Equity Retail Brokers.