Deals

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

Industrial
Somerset hockey rink sold, slated to become warehouse space

The operator of a hockey rink in Franklin Township has sold the property to a buyer that is now slated to use it as warehouse space, according to brokers with Cushman & Wakefield.

Office
LeFrak, CBRE ink 33,000 sq. ft. in office leases at Newport in Jersey City

Nine tenants have combined to lease nearly 33,000 square feet of office space in Jersey City’s Newport section, in a series of newly announced deals by CBRE.

Retail
Investor buys 10,000 sq. ft. daycare center building in Montgomery, NAI Hanson says

A local investor has purchased the site of a 10,000-square-foot daycare center building in Somerset County, according to a brokerage team with NAI James E. Hanson.

Retail
Three new dining, retail tenants sign leases at Kushner’s Pier Village

Kushner has announced leases with three new dining and retail tenants at Pier Village, the acclaimed mixed-use, oceanfront destination in Long Branch.

Retail
Marcus inks $3.9 million sale of Freehold retail property

A private investor has sold a nearly 20,000-square-foot retail property in Freehold, in a newly announced transaction by Marcus & Millichap.

Industrial
Realterm buys 35,000 sq. ft. truck terminal in South Plainfield

An investment manager has purchased a nearly 35,000-square-foot truck terminal in Middlesex County, marking the latest addition to its industrial portfolio in the region.

Residential & Mixed Use
Investor buys nearly complete, 40-unit rental building in Jersey City for $16 million

An investment group has expanded its holdings in Jersey City with the acquisition of a new boutique apartment building that is in the final stages of construction.

Office
Parsippany office building trades for $4.9 million, CBRE says

An investor has purchased an 85,000-square-foot office building in Parsippany for $4.9 million, under a deal arranged by CBRE.

Industrial
Resource Realty completes 150,000 sq. ft. of central New Jersey transactions

A private investor has purchased a 68,000-square-foot industrial space in Eatontown for nearly $7.5 million, in one of several recent transactions by Resource Realty.

Office
Teaneck office building sold, set to become student housing for Orthodox Jewish school

The operator of an Orthodox Jewish school has purchased an 8,300-square-foot office building in Teaneck, brokers with NAI James E. Hanson announced Monday.