Deals

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

Office
Sheldon Gross, KW Commercial ink sale of 17,000 sq. ft. Neptune property

A private investor has purchased a 17,000-square-foot office and flex building in Neptune for $3.2 million, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Landscaper buys Hunterdon site with outdoor storage, office space for growing business

A landscape design and maintenance firm has purchased a mixed-use property in Tewksbury that will provide new space for its growing business, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Developer sells new 62-unit rental building in downtown Bergenfield, Kislak says

An affiliate of Hornrock Properties has sold a new 62-unit luxury apartment building in Bergenfield for nearly $23 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Kislak inks $6.6 million sale of Neptune City apartments, in string of Monmouth deals

An investor has purchased a 36-unit garden apartment complex in Neptune City for $6.55 million, in the largest of three newly announced deals by The Kislak Co. Inc.

Residential & Mixed Use
Developer sells newly built Morris County apartments for $45 million

A development team has sold a newly built, 126-unit apartment complex in northwestern Morris County, in a transaction arranged by Cushman & Wakefield.

Office
Software firm takes 25,000 sq. ft. at Bell Works, plans meeting hub for all-remote workforce

A software firm with a fully remote workforce has leased 25,000 square feet at Holmdel’s Bell Works complex, seeking to create a hub for in-person meetings and collaboration.

Industrial
Velocity inks three flex leases for 40,000 sq. ft. in Marlton, NAI Mertz says

Velocity Venture Partners has signed three new leases at a recently acquired, 160,000-square-foot flex industrial park in Burlington County, in a series of deals by NAI Mertz.

Industrial
NAI Hanson: Maywood building changes hands, slated to become industrial space

An industrial user has purchased the site of an adult daycare center in Bergen County, with plans to occupy the nearly 17,500-square-foot building after completing a retrofit of the space.

Office
New tenants lease 34,000 sq. ft. at upgraded Rockaway office building, JLL says

The owner of a nearly 240,000-square-foot office building in Morris County is welcoming three new tenants after a series of renovations at the property, brokers with JLL announced.

Industrial
Becker, Greenwood purchase Montclair warehouse for $2.1 million, Kislak says

A joint venture has purchased a 14,000-square-foot industrial building in Montclair for $2.1 million, in a deal arranged by Kislak Commercial Real Estate Services Inc.