Deals

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

Industrial
Elberon inks new Elizabeth industrial deals totaling 140,000 sq. ft.

A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.

Retail
Coffee, halal chains coming to Ironside Newark as first retail tenants

Edison Properties has landed the first two retail tenants at its Ironside Newark project, luring a café operator and an international halal food chain to the adaptive reuse project.

Industrial
Atlantic inks $15.6 million sale of Somerset industrial building

A maker of natural ingredients and chemicals has sold its 120,000-square-foot warehouse in Somerset County for $15.6 million, under a transaction by Atlantic Real Estate Services.

Office
SFA acquires 116,000 sq. ft. office, flex complex in Mount Laurel

An investment firm has made another addition to its South Jersey portfolio, acquiring a nearly 116,000-square-foot office and flex complex in Mount Laurel.

Residential & Mixed Use
Kislak: Bergen County rental portfolio fetches $15.7 million

An affiliate of Alfred Sanzari Enterprises has sold an 87-unit apartment portfolio in Bergen County for nearly $16 million, in a series of deals arranged by The Kislak Co. Inc.

Office
Video firm moving from Hackensack, takes 10,000 sq. ft. in Rochelle Park

A video communications company is leasing 10,000 square feet of office space at a mixed-use building in Rochelle Park, brokers with JLL announced.

Deals
NAI Hanson inks sale of Rochelle Park lot to landscaping business

A landscaping company has expanded its footprint with the acquisition of a 0.6-acre lot adjacent to its Rochelle Park headquarters, in a newly announced transaction by NAI James E. Hanson.

Residential & Mixed Use
Miami apartment owner invests in 401-unit Newark high-rise

A high-rise apartment complex in Newark’s Forest Hill section has changed hands for $73 million, drawing a preferred equity investment from a Miami-based multifamily owner.

Industrial
C&W tapped to sell 41,000 sq. ft. industrial building in South Plainfield

The owner of a 41,000-square-foot industrial building in South Plainfield is seeking a buyer for the property, brokers with Cushman & Wakefield announced, touting its value-add potential in a burgeoning submarket along Interstate 287.

Retail
Phillipsburg retail property fetches $4.7 million, Marcus says

A partnership has sold a nearly 20,000-square-foot retail property in Phillipsburg, in a $4.72 million transaction arranged by Marcus & Millichap.