Deals

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

Industrial
Rockefeller buys 58-acre redevelopment site near Exit 9, in NAI Fennelly-brokered deal

An affiliate of the Rockefeller Group has acquired the site of a vacant 58-acre manufacturing complex in Spotswood — about a 10-minute drive from the New Jersey Turnpike — in a transaction arranged by brokers with NAI Fennelly.

Residential & Mixed Use
Kislak: Belleville apartment owner sells 23-unit building after 45 years

The developer and longtime owner of a 23-unit apartment building in Belleville has sold the property for more than $3 million, in a deal arranged by The Kislak Co. Inc.

Industrial
Avison Young: Prologis acquires Dayton parking, maintenance site in sale-leaseback

Prologis has acquired a 10-acre parking and maintenance property in South Brunswick that it’s now leasing back to the seller and other tenants, according to brokers with Avison Young.

Retail
JDA expands footprint to Ocean County, acquiring 6,000 sq. ft. bank property

JDA Group LLC has purchased a 6,000-square-foot bank building in Lacey Township, marking the development and investment firm’s entrance to the Ocean County retail market.

Retail
Developer sells Woodland Park retail property for $2.6 million, Marcus says

A developer has sold a fully leased, 12,000-square-foot retail property in Woodland Park, in a newly announced transaction by Marcus & Millichap.

Office
SJP reacquires key Hoboken office building in joint venture, touting rare large-block availability

SJP Properties has regained full control of a three-building, 1.5 million-square-foot office and retail complex in Hoboken that it built over more than a decade, having reacquired the initial phase as part of a joint venture with David Werner Real Estate Investments.

Office
CBRE: Beverly Hills-based firm closes $261 million deal for Sanofi campus in Bridgewater

A brokerage team has identified a California-based investment firm as the buyer in the recent sale of the nearly 675,000-square-foot Sanofi U.S. headquarters campus in Bridgewater.

Industrial
Sheldon Gross: Saadia Group adds 199,000 sq. ft. printing plant in Freehold

The Saadia Group has purchased a 199,000-square-foot, multipurpose building at 235 Willow Brook Road on nearly 30 acres in Freehold.

Industrial
Meat processing equipment company takes 16,000 sq. ft. in East Brunswick, NAI DiLeo says

NAI DiLeo-Bram & Co. has negotiated a 16,000-square-foot industrial lease at 124 Tices Lane in East Brunswick.

Retail
Sherwin-Williams takes 3,400 sq. ft. at Kearny shopping center, Goldstein Group says

Sherwin-Williams has leased more than 3,400 square feet of retail space in a fast-growing section of Kearny, in a newly announced transaction by The Goldstein Group.