Deals

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

Residential & Mixed Use
Gebroe-Hammer: North Brunswick apartments fetch $64 million in first leg of 1031 exchange

The longtime owner of a 253-unit garden apartment complex in North Brunswick has sold the property for nearly $64 million, in a deal arranged by Gebroe-Hammer Associates.

Industrial
Newmark: Fitness equipment maker renews 32,000 sq. ft. lease at Randolph flex park

A fitness equipment maker has renewed its lease at a flex industrial campus in Randolph, where it occupies more than 32,000 square feet at a location just off Route 10.

Residential & Mixed Use
Investor buys value-add, 44-unit Newark rental portfolio for $5.3 million, Kislak says

A local apartment owner has sold a three-building, 44-unit portfolio in Newark for $5.3 million, brokers with The Kislak Co. Inc. announced Thursday.

Residential & Mixed Use
NYC café expands to new Jersey City high-rise built by KRE, Northwestern

An Australian-themed café has opened its first New Jersey location, taking space at the base of Kushner Real Estate Group’s newest luxury apartment tower in Jersey City.

Retail
Sussex County building with retail, apartments changes hands in NAI Hanson-brokered deal

The owner of a DJ and lighting equipment company has purchased a 10,000-square-foot mixed-use building in Sussex County, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Brooklyn buyer adds 73-unit Perth Amboy rental portfolio, Capital Realty says

An investor has purchased a seven-building, 73-unit multifamily portfolio in Perth Amboy for nearly $12 million, under a deal arranged by Capital Realty Associates.

Retail
Urban Edge grows food, wellness offerings with new leases at Bergen Town Center

Urban Edge Properties has announced several new tenants at its Bergen Town Center property in Paramus, including two that will be marking their first locations in New Jersey.

Retail
Starbucks, Koto Asian Bistro coming to The Shops at Pier Village, Kushner says

Kushner Cos. has made two more additions to its retail and dining lineup at Pier Village in Long Branch, inking leases with Starbucks and a Japanese sushi steakhouse.

Industrial
Woodmont Industrial adds preleased 212,000 sq. ft. warehouse in Palm Beach County

Woodmont Industrial Partners has expanded its portfolio outside New Jersey with the acquisition of a newly delivered, 212,000-square-foot warehouse in South Florida.

Industrial
NAI DiLeo-Bram signs 16,000 sq. ft. sublease at Union Twp. warehouse

A trucking company has subleased a 16,000-square-foot building in Union Township, under a newly announced transaction by NAI DiLeo-Bram & Co.