Deals

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

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.

Industrial
Marcus: Passaic County industrial building sells for $3.1 million

A private buyer has acquired a 35,000-square-foot industrial building in the Passaic County borough of Ringwood, brokers with Marcus & Millichap announced Monday.

Retail
Urban Edge retail center in Kearny draws six new tenants, reaching full occupancy

Urban Edge Properties has reached full occupancy at a newly redeveloped shopping center in Kearny, welcoming five new tenants to the nearly 125,000-square-foot property.

Deals
Developer buys 15-acre multifamily site in Burlington Co., Rose Commercial says

A developer has purchased nearly 15 acres of vacant land on Route 130 in Burlington County, in a newly announced deal by Rose Commercial Real Estate.

Industrial
S. Hekemian Group, JLL ink sale of Newark warehouse for more than $800 per square foot

The S. Hekemian Group has sold a newly built, 76,000-square-foot industrial building just north of Interstate 78 in Newark, achieving a record price of more than $820 per square foot.

Office
DeSapio sells Bridgewater office building for $4 million, Deluccia says

An area real estate firm has sold a 20,000-square-foot office building in Bridgewater for $4 million, in a transaction arranged by Deluccia Commercial Group.