Deals

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

Residential & Mixed Use
Kislak: Developer sells new boutique rental building in Jersey City for $625,000 per unit

Legacy Development Group has sold a new 31-unit luxury apartment building in Jersey City for $20 million — a per-unit price of $625,000 — in a deal arranged by The Kislak Co. Inc.

Health Care
West Orange medical office building trades for $2.5 million, NAI Hanson says

An investor has sold a 10,000-square-foot medical office building in West Orange for $2.5 million, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use
LEG buys 170-unit Long Branch rental property with $122 million equity, debt deal

Lincoln Equities Group has acquired a new 170-unit luxury multifamily property in Long Branch with the help of $121.5 million in equity and financing secured by Walker & Dunlop and as part of an investment sale arranged by Cushman & Wakefield.

Retail
Longtime owner sells 24,000 sq. ft. Glen Rock retail center in deal arranged by C&W

Brentwood Realty has acquired more than 24,000 square feet of retail space in Glen Rock, in a newly announced deal by Cushman & Wakefield.

Industrial
Vitamin distributor leases 5,000 sq. ft. at Garwood industrial building, BRC says

A national vitamin distributor has taken more than 5,000 square feet of industrial space in Garwood, according to a brokerage team with Bussel Realty Corp.

Industrial
Resource Realty inks North Jersey industrial sales totaling $7.5 million, plus three leases

Commerce Park Investors has acquired a 28,000-square-foot warehouse in Randolph for $4.5 million, in one of five newly announced deals by Resource Realty of Northern New Jersey.

Retail
Historic retail, office building in downtown Somerville trades for $2.7 million, Kislak says

A historic 45,000-square-foot commercial building in downtown Somerville has changed hands for nearly $2.7 million, according to a brokerage team with The Kislak Co. Inc.

Office
Deluccia: Financial planning firm leases 5,000 sq. ft. at CenterPointe at Bridgewater

A financial planning firm has taken nearly 5,000 square feet of office space at Bridgewater’s CenterPointe campus, brokerage firm Deluccia Commercial Group announced Tuesday.

Office
C&W: Silverman Group sells Florham Park medical office building for $7.8 million

The Silverman Group has sold a nearly 20,000-square-foot medical office building in Florham Park for $7.8 million, brokers with Cushman & Wakefield announced last week.

Industrial
Greek acquires fully leased 141,000 sq. ft. logistics property in Bucks County

Greek Real Estate Partners has added to its holdings outside New Jersey, acquiring a more than 141,000-square-foot industrial building in Pennsylvania’s Bucks County.