Deals

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

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.

Health Care & Education
Cherry Hill medical office building adds fourth tenant in 12 months

A new tenant is coming to a medical office building on Route 70 in Cherry Hill, following a transaction arranged by brokers with Vantage Commercial.