Deals

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

Residential & Mixed Use
Investor buys new 77-unit Somerset apartment building for $24 million, Hudson Atlantic says

A private investor has acquired a 77-unit luxury apartment building in the Somerset section of Franklin for more than $24 million, in a newly announced deal by Hudson Atlantic.

Industrial
Accordia expands to Charlotte with newly acquired, 36,000 sq. ft. light industrial building

Accordia has completed its first acquisition outside the Northeast with the addition of a nearly 36,000-square-foot, shallow-bay industrial building in Charlotte.

Health Care
Marcus: 24,000 sq. ft. medical, retail complex in Deptford trades for $5.4 million

Strategic Funding Alternatives LLC has sold a nearly 24,000-square-foot medical and retail property in Deptford Township for $5.375 million, in a deal arranged by Marcus & Millichap.

Industrial
Investor adds 26,000 sq. ft. Piscataway industrial building in deal arranged by BRC

A regional investor has acquired a nearly 26,000-square-foot industrial building in Piscataway, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use
Nine-building, 108-unit rental property in Vineland trades in $12 million deal, Kislak says

The longtime owner of a 108-unit multifamily complex in Vineland has sold the property for $12 million, in a newly announced deal by The Kislak Co. Inc.

Food & Beverage
EXP: Manchanda Group buys Journal Square White Castle property for $13 million

An investor has acquired the site of a White Castle in Jersey City’s resurgent Journal Square neighborhood, in a deal arranged by EXP Realty.

Deals
Zimmel: Denholtz sells 74,000 sq. ft. mixed-use portfolio in Clark commercial corridor

Denholtz Properties has sold a nearly 74,000-square-foot commercial portfolio in Clark for $18 million, in a newly announced deal by Zimmel Associates.

Deals
East Orange building with 5,000 sq. ft. office, workshop space sold in deal by KW Commercial

A commercial building that was the longtime home of a construction firm has changed hands in East Orange, in a newly announced deal by KW Commercial Realty.

Office
WCRE: Partnership sells 8,700 sq. ft. Cherry Hill office building

Investors have sold an 8,700-square-foot office building in Cherry Hill after having owned it for a decade, in a newly announced deal by Wolf Commercial Real Estate.

Retail
Staffing agency leases 1,400 sq. ft. at new Jersey City rental property, Cervelli says

A staffing agency has leased nearly 1,400 square feet at the base of a new boutique apartment building in Jersey City, brokers with Cervelli Real Estate & Property Management said.