Deals

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

Residential & Mixed Use
South Orange apartments trade for $84 million, CBRE says

An investor has acquired a 200-unit luxury apartment complex in South Orange for more than $84 million, in a newly completed transaction by CBRE.

Office
Edgewood affiliate acquires note on 271,000 sq. ft. Meadowlands office building

An affiliate of Edgewood Properties has taken control of a well-known, 271,000-square-foot office building in the Meadowlands.

Retail
R.J. Brunelli: Family Dollar inks 12,000 sq. ft. lease in Bergen County

Family Dollar is taking nearly 12,000 square feet at a Bergen County shopping center, where it will take over a space currently occupied by a sister chain.

Retail
Grocer signs new 24,500 sq. ft. lease at Jersey City shopping center, LMC says

A local grocery chain has signed a new 24,500-square-foot lease at a Jersey City shopping center, under a newly completed transaction by Levin Management Corp.

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.