Deals

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

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.

Office
Vantage Commercial inks sale of 5,500 sq. ft. office building in Haddon Heights

A financial planner has purchased a 5,500-square-foot office building in downtown Haddon Heights, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
Elizabeth apartment high-rise sells for $14.3 million, Kislak says

The longtime owner of a 193-unit, age-restricted apartment high-rise in Elizabeth has sold the property for $14.3 million, in a newly announced deal by The Kislak Co. Inc.

Industrial
Resource Realty: Food startup takes 75,000 sq. ft. in Burlington for East Coast HQ, delivery hub

A meal delivery startup has opened a new facility and East Coast headquarters in Burlington, occupying a 75,000-square-foot former Kraft Foods complex just south of Route 130.

Residential & Mixed Use
Newark parcel with approvals for 190 apartments fetches $3.9 million, PRE says

An area real estate firm has acquired a Newark development site with full approvals for 190 apartments, in a deal arranged by PRE Real Estate Services.

Retail
Rose Commercial inks $1.45 million sale of 8,000 sq. ft. strip center in Blackwood

Rose Commercial Real Estate has negotiated the $1.45 million sale of an 8,000-square-foot retail strip center in the Blackwood section of Gloucester Township.

Office
JLL: Tenants combine for 14,000 sq. ft. in recent leases at Cedar Knolls office building

A medical communications firm has signed a five-year lease extension at a Morris County office building, in one of two newly announced transactions by JLL.

Industrial
Colliers inks sale of 60,000 sq. ft. Pennsauken industrial building

SNS Real Estate Investment Group LLC has purchased a fully occupied, 60,000-square-foot industrial building in Pennsauken.

Industrial
Investor buys Secaucus office, industrial building for $1.9 million

Marcus & Millichap has negotiated the sale of a 10,000-square-foot office and warehouse property in Secaucus for $1.9 million.