Deals

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

Industrial
Faropoint adds 140,000 sq. ft. warehouse in Delanco sale-leaseback deal, NAI Mertz says

Faropoint has added to its New Jersey portfolio with the purchase of a 140,000-square-foot industrial building in Burlington County, in a newly announced deal by NAI Mertz.

Industrial
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Retail
Marcus: Net-leased Bank of America property in Clifton trades for $3.8 million

Marcus & Millichap has negotiated the sale of a 4,450-square-foot, net-leased Bank of America property in Clifton, the brokerage firm announced Tuesday.

Office
Opal, C&W tout 101,000 sq. ft. in recent office leases in Metropark

An investment firm has leased more than 100,000 square feet across its growing office portfolio in Woodbridge and Edison, under a series of recent deals by Cushman & Wakefield.

Office
NAI Hanson inks sale of 3,000 sq. ft. at Chester office building

NAI James E. Hanson has negotiated the sale of 3,000 square feet of office space in Chester.

Office
The S.Hekemian Group, Valley Health ink 60,000 sq. ft. lease at ‘North Market’ in Montvale

Another tenant is coming to a high-profile redevelopment site in Montvale, under a 60,000-square-foot lease between The S.Hekemian Group and Valley Health System.

Industrial
Distributor, sponge maker combine for 172,000 sq. ft. in Pennsauken, Colliers says

A mobile accessory distributor has leased more than 110,000 square feet of new industrial space in Pennsauken, in one of two newly announced transactions by Colliers.

Deals
Newmark inks deals with financial services firms, retail users in downtown Summit

Three retail tenants and two office users have signed leases in downtown Summit, in a series of newly announced transactions by Newmark Associates.

Residential & Mixed Use
Montclair apartment building sold after 52 years, fetching $38 million, Gebroe-Hammer says

The owner of a well-known, 133-unit apartment building in Montclair has sold the property after more than five decades, in a $38 million deal arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
KABR adds Stamford rental properties for $41 million, in JLL-brokered deal

KABR Group has made two additions to its luxury apartment portfolio in Stamford, Connecticut, acquiring 116 units in a set of deals by JLL’s Morristown-based capital markets team.