Deals

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

Retail
Net-leased Best Buy property in Deptford trades for $17 million

The longtime owner of a single-tenant, net-leased Best Buy store in Deptford has sold the property for $17 million.

Office
Boniakowski inks new commercial lease, apartment sale in Somerset County

A tattoo business has leased 2,400 square feet of office space in Somerset County, in one of two newly announced deals by The Boniakowski Commercial Real Estate Group.

Office
Life sciences firm doubles footprint, takes 28,000 sq. ft. at Iselin office park

A genetic testing company has renewed and expanded its lease in the Iselin section of Woodbridge, where it now occupies a total of 28,000 square feet.

Residential & Mixed Use
Gebroe-Hammer inks sale of 39-unit Bloomfield apartment building

A private investor has purchased a 39-unit apartment building in southeastern Bloomfield, under a newly announced deal by Gebroe-Hammer Associates.

Office
NAI Hanson: Law firm sells 3,000 sq. ft. office space in Chester, signs new lease nearby

A law firm has found a new home in Morris County after leasing 3,000 square feet near its previous location on Route 24, in a deal arranged by NAI James E. Hanson.

Retail
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.

Industrial
STRO teams with KRE, Fidelco to buy 77,000 sq. ft. Newark industrial complex

Three of the state’s well-known commercial real estate firms have acquired a multi-building, 77,000-square-foot industrial complex just west of Newark Liberty International Airport.

Industrial
Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.

Industrial
Terreno buys 10-acre industrial parcel in Newark for $17.3 million

Terreno Realty Corp. has purchased a nearly 10-acre industrial property in Newark for $17.3 million, the Bellevue, Washington-based firm announced last week.

Industrial
Somerset firm acquires 56,000 sq. ft. warehouse in Branchburg, GM Realty says

An affiliate of a Somerset-based pharmaceutical firm has acquired a 56,000-square-foot warehouse in Branchburg, according to the brokerage GM Realty Advisors Inc.