Deals

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

Office
JLL inks sale of two-building office portfolio in Cherry Hill

An institutional investor has sold a two-building, 167,000-square-foot office portfolio in Cherry Hill, under a newly completed transaction by JLL.

Industrial
Medical marijuana dispensary acquires Vineland industrial building, NAI Mertz says

A medical marijuana company has acquired more than 50,000 square feet of industrial space in Vineland, brokers with NAI Mertz said, marking the operator’s first location in New Jersey.

Industrial
Freight carrier takes 32,000 sq. ft. in Raritan Center, BRC says

A trucking company has leased more than 30,000 square feet of industrial space in Edison, under a newly completed transaction by Bussel Realty Corp.

Retail
Monmouth County retail property sells for $3.9 million, Marcus says

A private buyer has paid nearly $4 million for a 12,000-square-foot retail property in Monmouth County, in a newly completed transaction by Marcus & Millichap.

Industrial
Camden County flex, industrial portfolio sells for $16 million, Colliers says

An investment group has paid more than $16 million to acquire a 21-building, 241,410-square-foot industrial portfolio in Camden County, brokers with Colliers International said Monday.

Retail
Walmart-anchored center in Hamilton fetches $19 million, Marcus says

A developer has reaped more than $19 million from the sale of a Walmart-anchored retail center in Hamilton Township, in a newly announced transaction by Marcus & Millichap.

Office
WCRE inks sale of medical office parcel in Mullica Hill

A developer has sold a nearly one-acre parcel in Gloucester County, where plans call for a medical office building that will tap into demand from a new hospital less than a mile away.

Office
Hillsborough medical office building sells for $5 million, Marcus says

A private buyer has paid more than $5 million for a 16,250-square-foot office building in Hillsborough, in a newly announced transaction by Marcus & Millichap Capital Corp.

Office
Clothing maker inks new lease with Sanzari, returns to Teaneck campus

A former tenant at the Glenpointe campus in Teaneck has returned to the 50-acre complex, under a newly completed lease with owner and developer Alfred Sanzari Enterprises.

Retail
West New York retail, office building trades for $6.5 million

A private investor has paid $6.5 million for a mixed-use, 21,000-square-foot building in West New York, in newly completed transaction by Marcus & Millichap Capital Corp.