Deals

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

Residential & Mixed Use
JLL completes sale of 216-unit AvalonBay complex Tinton Falls

AvalonBay Communities Inc. has sold a 216-unit apartment complex in Monmouth County, brokers with JLL announced Tuesday after marketing the property.

Industrial
BRC inks sale of 178,000 sq. ft. industrial building in Somerset County

A nearly 180,000-square-foot industrial building in Somerset County has changed hands, following a transaction arranged by Bussel Realty Corp.

Industrial
Lexus dealer renews lease at Bridgewater industrial, flex park

An auto dealership has renewed its 62,400-square-foot lease at a Bridgewater business park, under a newly announced transaction by Transwestern Real Estate Services.

Office
NAI Hanson: Yarn distributor relocates, takes 2,900 sq. ft. in Wayne

A yarn distributor has agreed to lease nearly 3,000 square feet at a Wayne office building, seeking to upgrade its space as part of a move from nearby Paterson.

Industrial
Food packager takes 27,000 sq. ft. in Mount Laurel, NAI Mertz says

A food packaging company has leased nearly 27,000 square feet of industrial space in Mount Laurel, under a transaction arranged by brokers with NAI Mertz.

Retail
JLL inks retail leases with axe-throwing venue, three others, totaling 19,000 sq. ft.

The country’s largest axe-throwing venue is leasing more than 14,000 square feet in Bergen County, in the largest of four newly announced transactions by JLL.

Industrial
Cable installer takes 5,000 sq. ft. in Atlantic County, Vantage RES says

A business that installs cable and internet equipment has leased some 5,000 square feet of industrial space in Atlantic County, brokers with Vantage Real Estate Services said.

Office
Colliers: Piscataway office complex sells for second time in four years, doubling sale price

A private equity group has sold a Piscataway office complex for nearly $24 million, more than doubling the price it paid to acquire the property in 2016.

Office
Investor sells Clark office building for $13 million, Marcus says

A private investor has reaped more than $13 million from the sale of a Clark office building, in a deal that comes less than two years after it acquired the five-story property.

Office
Investment group sells two-building office complex in Berkeley Heights

An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.