Deals

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

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.

Office
Mack-Cali closes sale of 333,000 sq. ft. Parsippany office building, C&W says

A real estate investment firm has added to its New Jersey portfolio, acquiring a 333,000-square-foot office building in Parsippany from Mack-Cali Realty Corp.

Residential & Mixed Use
Marcus inks sale of Hoboken, Union City apartments

Two Hudson County apartment properties have changed hands for a combined $5.86 million, under a set of newly announced transactions by Marcus & Millichap.

Deals
Whippany motel fetches $4 million, Newmark says

A motel and restaurant property in Hanover has changed hands for just over $4 million, under a newly announced transaction by Newmark Associates.

Retail
Vantage RES: Bridal boutique takes 800 sq. ft. at Cherry Hill center

A bridal boutique is expanding its footprint in southern New Jersey with the completion of a new lease in Cherry Hill, according to Vantage Real Estate Services.

Industrial
Zimmel touts sale of 67,000 sq. ft. Edison warehouse

A commercial real estate firm has sold a nearly 67,000-square-foot industrial building in Edison, in a transaction brokered by Zimmel Associates and Stricker Realty.

Office
NKF closes sale of Westchester County office complex

An investment firm has acquired a 179,000-square-foot office park in Westchester County, in a transaction arranged by Newmark Knight Frank’s New Jersey-based capital markets team.

Office
NKF: New tenants combine for 51,000 sq. ft. at Edison office building

Two tenants have leased a combined 51,000 square feet at a recently upgraded office building in Edison, under a set of transactions announced by Newmark Knight Frank.