Deals

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

Retail
Marcus inks $1.6 million sale of net-leased mattress store property

A private seller has reaped $1.6 million from the sale of a retail property on Long Island, in a transaction by Marcus & Millichap’s New Jersey office.

Retail
Larken, law firm ink 2,700 sq. ft. lease in Raritan Borough

Larken Associates is welcoming a new tenant to a Somerset County shopping center, having signed a 2,700-square-foot lease with a personal injury law firm.

Industrial
J.G. Petrucci sells 188,000 sq. ft. industrial building in Somerset County

J.G. Petrucci Co. Inc. has completed the sale of a built-to-suit, 187,500-square-foot industrial building in Branchburg to a hospitality and food-service products company.

Industrial
NAI Hanson inks 120,000 sq. ft. industrial sale in Totowa

A cosmetics company has acquired a nearly 120,000-square-foot industrial building in Totowa, under a newly completed transaction by NAI James E. Hanson.

Industrial
Colliers: Logistics firm takes 152,000 sq. ft. in Logan industrial park

A warehouse and trucking firm is consolidating locations, having leased more than 150,000 square feet of industrial space in Logan Township.

Retail
Furniture store opens in Paramus after backfilling Route 17 space, Goldstein Group says

A furniture business has opened its doors in Paramus, following its acquisition last year of a nearly 18,000-square-foot building on Route 17.

Office
New Jersey properties included in $97 million ground lease sale

An investment group has acquired a collection of ground-leases in New Jersey as part of a four-state, $97 million transaction with Brandywine Realty Trust.

Retail
Optical chain opens 3,000 sq. ft. store at Raritan retail center, LMC says

A Somerset County shopping center has reached full occupancy with the debut of a 3,000-square-foot store by a national optical retailer.

Retail
Marcus inks $1.43 million sale of Mount Olive bank property

An investor has acquired a 3,250-square foot retail property in Mount Olive, in a newly completed transaction by Marcus & Millichap.

Residential & Mixed Use
KABR, Gebroe-Hammer tout $24 million sale of Jersey City rental building

The KABR Group has sold a newly built, 58-unit apartment property in Jersey City’s McGinley Square neighborhood, in a transaction arranged by Gebroe-Hammer Associates.