Deals

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

Office
Inspired by Somerset Development buys 277,000 sq. ft. Commvault headquarters in Tinton Falls, plans new Bell Works-style facility

Inspired by Somerset Development has acquired the Tinton Falls headquarters of cybersecurity firm Commvault, with plans to repurpose the building as a new phase of its landmark Bell Works campus in nearby Holmdel.

Office
Onyx, PCCP sell revitalized 439,000 sq. ft. office building near Morristown, C&W says

Onyx Equities and PCCP have sold a 439,000-square-foot office building outside Morristown — reportedly for $118.5 million — following nearly a decade of ownership and an ambitious plan to rejuvenate the property.

Residential & Mixed Use
Kislak: Trenton apartment owner sells two properties totaling 57 units for $6.2 million

A longtime apartment owner in Trenton has sold two properties with a combined 57 units, in a set of deals arranged by The Kislak Co. Inc.

Retail
Marcus: 29,000 sq. ft. strip center in Middletown trades for $5.8 million

A private investor has acquired more than 29,000 square feet of renovated retail space on Route 35 for $5.8 million, brokers with Marcus & Millichap announced Wednesday.

Industrial
Silver Edge: Trucking firm leases 21,000 sq. ft. in Meadowlands industrial deal

A private trucking company has taken nearly 21,000 square feet of industrial space in Carlstadt, in a newly announced deal by Silver Edge Real Estate.

Industrial
Eastern Torque Services takes 13,000 sq. ft. at new Hillsborough facility, Zimmel says

An industrial equipment repair company has leased more than 13,000 square feet at a newly developed building in Hillsborough, in a deal arranged by Zimmel Associates.

Retail
Marcus: DeVimy Equities sells 86,000 sq. ft. Morris Marketplace to Last Mile Investments

DeVimy Equities has sold nearly 86,000 square feet of newly built retail space outside Morristown, brokers with Marcus & Millichap announced last week.

Office
JLL: Bergman inks 60,000 sq. ft. in flurry of leases at refreshed Princeton office building

Bergman Real Estate Group is reaping the benefits after upgrading a Princeton-area office building, having leased more than 60,000 square feet at the property over the past 12 months.

Industrial
Vericon Construction buys 7,000 sq. ft. in Springfield, BRC says

A construction firm has acquired a 7,000-square-foot industrial building in Springfield for nearly $1.9 million, in a newly announced deal by Bussel Realty Corp.

Industrial
Camber, Invesco buy 384,000 sq. ft. industrial portfolio in Burlington County

Camber Real Estate Partners and Invesco Real Estate have added more than 384,000 square feet of industrial space as part of a five-building portfolio deal in northern Burlington County.