Deals

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

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.

Office
WCRE inks sale of 5,700 sq. ft. Hamilton office building

A nearly 6,000-square-foot office building in Hamilton is under new ownership, following a transaction arranged by Wolf Commercial Real Estate.

Office
Orthopedist signs 2,500 sq. ft. lease in Cherry Hill, Vantage RES says

A medical office building in Cherry Hill has added a new tenant, securing a long-term lease with a Philadelphia-based orthopedic practice.

Industrial
CBRE: Developer lures e-commerce giant to Jersey City logistics project, its first in N.J.

A developer has landed a major tenant at its first New Jersey industrial project, inking a full-building lease in Jersey City with what it described as a global e-commerce company.

Health Care & Education
NAI Hanson inks sale of Hunterdon flex building slated for rehab facility

A psychiatrist has acquired a 7,800-square-foot industrial flex building in Hunterdon County, with plans to build out the property as a residential addiction rehabilitation facility.

Industrial
Perfume plant in Keyport fetches $5 million, Sheldon Gross says

A perfume company has sold its nearly 75,000-square-foot manufacturing plant in Keyport, under a newly completed transaction by Sheldon Gross Realty.

Office
NYL sells two-building Bedminster office complex, JLL says

New York Life Real Estate Investors has sold a two-building, 194,000-square-foot office complex in Bedminster, in a newly announced transaction by JLL.