Deals

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

Deals
Tech investor sells 10-acre lot near Princeton for $3.2 million, NAI Fennelly says

A developer has purchased 10 acres along Route 1 in West Windsor, where it now plans to build retail space and an extended stay hotel.

Industrial
EverWest buys Somerset industrial building for $28 million, adding to growing portfolio

An investment manager has acquired a nearly 126,000-square-foot industrial building in Somerset County, marking its third such purchase in the region in two months.

Industrial
Stone company leases 24,000 sq. ft. at Meadowlands warehouse, NAI Hanson says

A family-owned stone company is taking more than 24,000 square feet of industrial space in East Rutherford, according to a brokerage team with NAI James E. Hanson.

Office
Larken breaks ground on 19,000 sq. ft. office building in Branchburg

Larken Associates has broken ground on a new boutique office building in Branchburg, in what will mark the expansion of an existing property that the real estate firm purchased in 2017.

Health Care & Education
Colliers: Private equity firm adds 30,000 sq. ft. medical office building in Edison

A private equity firm has purchased a 30,000-square-foot medical office building in Edison, under a newly completed transaction by Colliers International.

Retail
Kumon adds locations in Princeton, Bucks County, Lee & Associates New Jersey says

A learning center chain is expanding its footprint in the region with the completion of new leases in central New Jersey and Bucks County, Pennsylvania.

Residential & Mixed Use
Kamson inks $16 million sale of Salem County apartments, Kislak says

A well-known multifamily owner has sold a 156-unit property in Salem County, in a newly announced transaction by The Kislak Co. Inc.

Office
Fennelly: Nexus sells Ewing medical office building after more than 50 years

The longtime owner of a 27,000-square-foot medical office building in Ewing has sold the property for $1.8 million, according to brokerage firm NAI Fennelly.

Industrial
CBRE: Investment firm buys 144,000 sq. ft. Somerset industrial building

An investment manager has purchased a nearly 144,000-square-foot industrial building in the Somerset section of Franklin, in a deal arranged by brokers with CBRE.

Office
NAI Hanson: Chatham office complex fully leased after deal with cheese importer

A cheese wholesaler and importer has leased 1,100 square feet of office space in Chatham, in a newly announced transaction by NAI James E. Hanson.