Deals

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

Industrial
Contractor acquires 12,000 sq. ft. industrial building in Pennsauken

A sheet metal contractor is relocating to a flex industrial building in Pennsauken after acquiring the 12,000-square-foot property, according to Wolf Commercial Real Estate.

Industrial
E-commerce user expands by 103,000 sq. ft. at Pennsauken warehouse

An e-commerce user is expanding at a Pennsauken warehouse just months after taking occupancy at the property, according to Binswanger Commercial Real Estate Services.

Industrial
Eatontown industrial building fetches $4.25 million, Gramercy Real Estate says

A Brooklyn-based investor has acquired a nearly 44,000-square-foot industrial building in Monmouth County, in a newly announced transaction by Gramercy Real Estate LLC.

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.