Deals

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

Residential & Mixed Use
JLL: Investor acquires Morris County rental complex for $40 million

A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.

Industrial
Treetop adds 120,000 sq. ft. industrial building in Freehold

A developer and investor has acquired a nearly 120,000-square-foot warehouse in Freehold, its second industrial deal in two months, in a newly announced transaction by CBRE.

Office
Chemicals maker takes 70,000 sq. ft. at ex-BMS campus in Plainsboro, Colliers says

Another tenant is coming to a sprawling former Bristol-Meyers Squibb campus in Plainsboro, having committed to 70,000 square feet at one of the site’s existing high-end office buildings.

Industrial
BRC inks 27,000 sq. ft. industrial lease in Union

An industrial user has agreed to lease more than 27,000 square feet in Union, under a newly announced transaction by Bussel Realty Corp.

Retail
Columbia takes 2,500 sq. ft. in Bergen County, Goldstein Group says

Columbia Bank has relocated an existing branch to a shopping center in Fair Lawn, where it is leasing nearly 2,500 square feet.

Industrial
Box maker inks 32,000 sq. ft. sublease in Saddle Brook, Team Resources says

A manufacturer based in Bergen County has subleased 32,000 square feet at a nearby warehouse, brokers with Team Resources Inc. announced last week.

Office
WCRE: Wellness center takes 2,300 sq. ft. in Burlington County

A wellness center has agreed to lease nearly 2,300 square feet at a Burlington County office complex, under a newly announced transaction by Wolf Commercial Real Estate.

Industrial
Cold storage user inks 30,000 sq. ft. renewal in Elizabeth, Avison Young says

A refrigerated warehouse provider has renewed its 30,000-square-foot lease at an Elizabeth industrial building, in a newly announced transaction by Avison Young.

Residential & Mixed Use
New York investor buys Garfield rental property, its first New Jersey acquisition

An out-of-state investor has acquired a newly built, 75-unit apartment complex just steps from a train station in Garfield, in a newly announced transaction by CBRE.

Retail
LMC: Restaurant, nail salon lease 10,000 sq. ft. at Jersey City shopping center

A growing restaurant chain and a nail salon are joining a Jersey City shopping center, having leased a combined 10,000 square feet at the 95,000-square-foot complex.