Deals

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

Industrial
REIT adds to South Jersey portfolio with 112,000 sq. ft. industrial building in Mount Laurel

A real estate investment trust has acquired a 112,000-square-foot industrial building in Mount Laurel, brokers with NAI Mertz announced Tuesday.

Industrial
CBRE: Freehold industrial building trades for $4.95 million

The owner of a 46,000-square-foot industrial building in Monmouth County has sold the property after seven years, under a newly announced transaction by CBRE.

Industrial
Logistics firm inks 4.2-acre trailer parking sublease in Newark

Bussel Realty Corp. has completed a sublease of 4.2 acres in Newark’s port district to a third-party logistics firm that will use the site for trailer parking.

Residential & Mixed Use
Ridgefield Park rental portfolio trades for $7.8 million, Marcus says

A private investor has acquired a 45-unit apartment portfolio in Ridgefield Park for nearly $8 million, in a newly announced transaction by Marcus & Millichap.

Office
JLL’s New Jersey team inks 224,000 sq. ft. office campus sale in Stamford

A national real estate investment firm has acquired a 224,000-square-foot office complex in Stamford Connecticut, in a deal arranged by JLL’s New Jersey capital markets team.

Industrial
Outdoor tools business takes 135,000 sq. ft. in South Hackensack, Chaus says

A company that sells lawn, garden and other outdoor tools is once again expanding in Bergen County, leasing more than 135,000 square feet at a South Hackensack industrial building.

Industrial
Edison industrial building trades for $3.4 million, Zimmel says

The longtime owner of a 22,500-square-foot industrial building in Edison has sold the property after 25 years, under a transaction arranged by Zimmel Associates.

Office
Mack-Cali sells 155,000 sq. ft. office building in Parsippany

Mack-Cali Realty Corp. has sold another Parsippany office building, this time for nearly $13 million, as it continues its exit from New Jersey’s suburban markets.

Industrial
C&W inks sale of 100,000 sq. ft. Meadowlands industrial building

Sitex Group has sold a roughly 100,000-square-foot industrial building in Carlstadt less than two years after acquiring it, in a newly announced transaction by Cushman & Wakefield.

Office
Rochelle Park office building trades for $7.2 million, Wellington says

The longtime owner of a 65,000-square-foot office building in Rochelle Park has sold the property for more than $7 million, in a deal arranged by The Wellington Co. LLC.