Deals

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

Office
Prism acquires 40,000 sq. ft. ex-bank headquarters in Rutherford, C&W says

Prism Capital Partners is set to reposition a former bank headquarters in downtown Rutherford after acquiring the 40,000-square-foot building, in a deal arranged by Cushman & Wakefield.

Industrial
Connors inks 25,000 sq. ft. warehouse lease in North Bergen

An industrial user has leased nearly 25,000 square feet at a warehouse in North Bergen, the William F. Connors Agency announced recently.

Retail
New York investor buys ex-furniture store building in Paramus, NAI Hanson says

The former home of a furniture store in Paramus is under new ownership, following a transaction arranged by NAI James E. Hanson.

Industrial
Newmark: Investors acquire 352,000 sq. ft. Gannett plant in Rockaway for $39 million

A joint venture has acquired a 352,461-square-foot printing plant in Rockaway for $39 million, in a deal arranged by Newmark’s tristate capital markets team.

Industrial
Velocity expands footprint in Pennsauken with purchase of 560,000 sq. ft. industrial property

Velocity Venture Partners has acquired a 560,000-square-foot industrial building in Pennsauken for $32 million, in the latest addition to its fast-growing portfolio in the township.

Retail
Goldstein Group: Four tenants ink leases on Hudson County’s Bergenline Avenue

Four tenants have leased a combined 12,000 square feet along a well-known retail corridor in Hudson County, in a series of deals arranged by The Goldstein Group.

Retail
Dentist takes 2,700 sq. ft. at new Eastampton apartments, Vantage Commercial says

A dental practice has leased nearly 2,700 square feet at a newly developed apartment property in Burlington County, in a newly announced transaction by Vantage Commercial.

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.