Deals

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

Industrial
Deugen, Devli lease Port Newark industrial site to major seafood company, AI Group says

A joint venture has landed a tenant for a nearly seven-acre industrial site in Newark’s port district, in a deal arranged by Advance Industrial Group and The Blau & Berg Co.

Industrial
Expansion by 3PL firm among newest Morris County industrial deals, RRNNJ says

A third-party logistics firm has expanded in Morris County by nearly 14,000 square feet, in the largest of several recent deals by Resource Realty of Northern New Jersey.

Residential & Mixed Use
Investor buys six-unit West New York rental property for $2.2 million, Marcus says

A six-unit apartment building in West New York has changed hands for more than $2.2 million, in a newly announced deal by Marcus & Millichap.

Retail
RIPCO: TD Bank sells vacant Monmouth County branches in deals totaling $4.3 million

TD Bank has sold two vacant former branch buildings in Monmouth County for a combined $4.3 million, in a set of deals arranged by RIPCO Real Estate.

Office
CPN: Longtime tenant buys 1,500 sq. ft. office building in Skillman

A tenant at a 1,500-square-foot commercial building in Somerset County has purchased the property for $320,000, in a deal arranged by Commercial Property Network Inc.

Retail
RIPCO: Kura, fast-growing revolving sushi concept, opens 3,700 sq. ft. Freehold location

A sushi chain has opened a new location at Freehold Raceway Mall, its sixth in New Jersey, continuing an expansion in the region led by brokers with RIPCO Real Estate.

Residential & Mixed Use
Six-unit Jersey City rental building trades for $1.025 million, Cervelli says

A private investor has purchased a six-unit apartment building in Jersey City for $1.025 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Industrial
Konkus Corp., logistics firm ink 2,500 sq. ft. lease in Hillsborough, Deluccia says

A transportation and freight services firm has taken 2,500 square feet at a renovated industrial property in Hillsborough, in a deal arranged by Deluccia Commercial Group.

Industrial
Kislak: Pennington industrial park changes hands for first time in 30 years, fetching $3.3 million

A longtime owner has sold a more than 30,000-square-foot industrial park in Mercer County for $3.3 million, in a newly announced deal by The Kislak Co. Inc.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.