Deals

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

Office
Investor sells Morris County office building for $50 million, completing value-add plan

An investment firm has sold a 232,000-square-foot office building in Morris County for $50 million, more than doubling the price it paid to acquire the property in early 2017.

Industrial
BRC inks 40,000 sq. ft. industrial lease in Piscataway

The owner of a nearly 70,000-square-foot industrial building in Piscataway has signed a lease for more than half of the property, in a transaction arranged by Bussel Realty Corp.

Retail
LMC: Jersey Shore bagel chain expands, leases 1,900 sq. ft. in Manasquan

A bagel chain in Monmouth and Ocean counties is adding a new location in Manasquan, following a recent transaction by Levin Management Corp.

Retail
Marcus: Net-leased dollar store property sells for $1.7 million

A private buyer has closed on a 10,000-square-foot dollar store property in Trenton, acquiring the net-leased asset for more than $1.7 million.

Retail
Larken, auto body business complete 2,800 sq. ft. lease in Springfield

Larken Associates has signed a new tenant at a Springfield shopping center, inking a 2,750-square-foot lease with a local auto body business.

Retail
Krispy Kreme adding Paramus location after leasing 4,000 sq. ft., Goldstein Group says

Krispy Kreme has leased 4,000 square feet at a former McDonald’s location in Paramus, under a newly announced transaction by The Goldstein Group.

Health Care & Education
Franklin Lakes parcel slated for medical office building changes hands, NAI Hanson says

A developer has acquired two-thirds of an acre in Bergen County, where it’s now planning a medical office building aimed at capturing the growing demand for health care space.

Residential & Mixed Use
Workforce housing developer, investor acquires Jersey City portfolio for $21.5 million

A firm that specializes in mixed-income and workforce housing is expanding to New Jersey, acquiring a nine-building, 74-unit portfolio in Jersey City for $21.5 million.

Industrial
Developer closes on nine-acre industrial site in Burlington, WCRE says

A developer has acquired nine acres inside a Burlington industrial park, seeking to tap into the surging demand for warehouse and logistics space in the region.

Office
Vantage Commercial inks sale of 8,500 sq. ft. office condo in Moorestown

A commercial condominium in Moorestown has changed hands for an undisclosed price, in a newly announced transaction by Vantage Commercial.