Deals

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

Health Care & Education
NAI Fennelly: Lab user buys Monmouth Junction flex building for $5.6 million

Brokerage firm NAI Fennelly has negotiated the sale of a 58,000-square-foot flex building at 68 Culver Road in the Monmouth Junction section of South Brunswick for $5.575 million.

Industrial
Herbal extracts, ingredients maker renews 55,000 sq. ft. lease in Pine Brook, Newmark says

A maker of herbal extracts and other natural ingredients has renewed its 55,000-square-foot lease at a Morris County industrial building, in a deal arranged by brokers with Newmark.

Residential & Mixed Use
CBRE inks $37 million sale of six-year-old Newark apartment building

The developer of a 152-unit luxury apartment complex in Newark’s University Heights neighborhood has sold the property for $36.5 million, according to brokers with CBRE.

Office
Garibaldi: Law firm takes 6,000 sq. ft. at KRE-owned building in Chatham

A law firm is moving to downtown Chatham after inking a nearly 6,000-square-foot lease with Kushner Real Estate Group, in a newly announced transaction by The Garibaldi Group.

Health Care & Education
Dermatology, orthopedic groups sign leases at Plainsboro medical arts complex

Colliers has secured two leases totaling more than 9,000 square feet at Penn Medicine Princeton Medical Center’s Medical Arts Pavilion in Plainsboro.

Office
Birch Group acquires Long Island office campus from Onyx, DRA for $212 million

The Birch Group has made another major addition to its suburban office holdings in the region, acquiring a prominent two-building campus on Long Island for $212 million.

Deals
Marcus: Hindu temple to expand after buying 15 acres in Robbinsville

Marcus & Millichap has negotiated the sale of 120 North Main St., a 15-acre commercial site in Robbinsville, for $4.5 million.

Retail
Investor buys 374,000 sq. ft. Morris County shopping center for $50 million

An investment firm has acquired a large Morris County shopping center for nearly $50 million, in a newly announced transaction by R.J. Brunelli & Co.

Deals
CBRE: ETS office, industrial building in Ewing trades for $19 million

Educational Testing Service has sold a 310,000-square-foot office and industrial building in Ewing for nearly $19 million, brokers with CBRE announced Tuesday.

Office
Bell Works to become headquarters, studio hub for 24-hour sports gaming network

Somerset Development has landed another tenant at its Bell Works property in Holmdel after signing a long-term lease with the operator of a 24-hour sports gaming network.