Deals

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

Industrial
Investment firm acquires 23,000 sq. ft. Moorestown industrial asset, Colliers says

A buyer has made its entrance to the South Jersey industrial market with its acquisition of a 22,500-square-foot property in Burlington County.

Residential & Mixed Use
Journal Square apartment building with 31 units sells for $4.4 million, CBRE says

The longtime owners of a 31-unit apartment building in Jersey City have sold the property for $4.4 million, in a newly announced transaction by CBRE.

Industrial
JLL inks sale of 12,200 sq. ft. kitchen, distribution facility in Meadowlands

A local operator has sold a commercial kitchen and distribution facility in the Meadowlands, in a newly completed transaction by JLL’s Northeast industrial team.

Retail
NAI Hanson: E-scooter company eyes first showroom, signs retail lease in Budd Lake

An online seller of electric bikes, scooters and motorcycles is opening its first showroom after signing a lease at a Morris County retail building, according to NAI James E Hanson.

Industrial
CBRE: Vineland industrial building sold to private equity firm, fetching $22 million

A private equity firm has expanded its industrial portfolio in the state with the purchase of a fully leased, 269,500-square-foot property in Vineland, according to brokers with CBRE.

Office
Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

Investors Bank has sold and leased back its well-known office and retail building in Robbinsville, under a newly announced transaction by Cushman & Wakefield.

Office
Two new tenants coming to historic Jersey City office, retail building

Two new tenants have taken space at a historic commercial building in Jersey City, under a set of newly completed leases by Grid Real Estate.

Office
Bergman announces acquisition of Princeton office building, securing $14 million loan

A partnership led by Bergman Real Estate Group has acquired a 160,000-square-foot, Princeton-area office building from Mack-Cali Realty Corp.

Industrial
W.P. Properties, e-commerce firm ink 40,000 sq. ft. lease in Dover

W.P. Properties has leased 40,000 square feet in Morris County to a local e-commerce distributor, in the largest of several transactions at an industrial complex near Route 46.

Industrial
WCRE closes 10,000 sq. ft. flex building sale in Pennsauken

A construction business is relocating to a nearly 10,000-square-foot flex industrial building in Pennsauken after acquiring the property, according to Wolf Commercial Real Estate.