Deals

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

Industrial
NAI Hanson: Magnetic materials company signs 13,000 sq. ft. renewal in Mahwah

A firm that specializes in magnetic materials has renewed its lease in Mahwah, where it occupies more than 13,000 square feet of industrial flex space near Route 17.

Deals
Vacant 2.3-acre parcel in Howell fetches $875,000, Sheldon Gross says

A plot of undeveloped land spanning more than two acres has changed hands in Howell for $875,000, brokers with Sheldon Gross Realty announced this week.

Office
Fashion company Sparc Group renews, expands to 93,000 sq. ft. at Lyndhurst office building

The owner of Brooks Brothers, Reebok and other fashion brands has expanded its footprint in Lyndhurst, where it now occupies more than 90,000 square feet of office space.

Industrial
NAIDB: Industrial buildings in East Brunswick, Piscataway trade for combined $15.5 million

Two Middlesex County industrial buildings totaling 77,000 square feet have changed hands for a combined $15.45 million, in a set of newly announced deals by NAI DiLeo-Bram & Co.

Retail
Growing Indian grocery chain takes 16,000 sq. ft. at Clifton retail center, LMC says

An Indian supermarket chain has leased 16,000 square feet at a Route 46 shopping center in Clifton, in a newly announced deal by Levin Management Corp.

Retail
Van Leeuwen Ice Cream takes 1,500 sq. ft. in Jersey City for second New Jersey shop

Van Leeuwen Ice Cream will open its second brick-and-mortar location in New Jersey after leasing nearly 1,500 square feet in Jersey City, brokers involved with the deal announced.

Industrial
Seagis acquires vacant 30,000 sq. ft. warehouse in Carlstadt

Seagis Property Group has acquired more than 30,000 square feet of warehouse space in Carlstadt that it now plans to upgrade and market for lease, the firm announced.

Retail
Deals by ShopRite Liquors, dentist among new RIPCO-brokered leases in Lodi

ShopRite Liquors has leased 5,000 square feet in downtown Lodi, in one of three newly announced deals in the borough by RIPCO Real Estate.

Residential & Mixed Use
CBRE: First piece of NRIA portfolio trades as Hoboken development site fetches $8.5 million

A private investor has acquired a multifamily development site in Hoboken, marking the first trade involving the portfolio of the disgraced firm National Realty Investment Advisors LLC.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.