Deals

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

Office
NAI Mertz inks sale of Manalapan office portfolio for $5.2 million

A three-building, 78,000-square-foot office portfolio in Manalapan has changed hands for more than $5 million, following a deal arranged by NAI Mertz.

Residential & Mixed Use
JLL closes sale of 18-story rental tower in Stamford

Brokers in JLL’s Morristown office have inked the sale of an 18-story luxury apartment tower in downtown Stamford, Connecticut.

Industrial
PR network for auto industry takes 24,000 sq. ft. in Hackensack

A public relations and marketing firm for the auto industry has leased 24,000 square feet in Hackensack, in one of several newly announced deals by Team Resources Inc.

Industrial
WCRE inks sale of rec centers in Cherry Hill, Mount Laurel

A sports and entertainment operator has acquired two facilities in southern New Jersey, under a newly completed transaction by Wolf Commercial Real Estate.

Industrial
Camber, Advance sell 529,000 sq. ft. light industrial portfolio, JLL says

A joint venture has sold more than 500,000 square feet of light industrial space in Morris County, closing the deal less than two years after acquiring the four-building portfolio.

Office
Colliers: Piscataway office building fetches $11.5 million

An investor has acquired a nearly 200,000-square-foot office building in Piscataway, under a newly announced transaction by Colliers International.

Office
NAI Hanson touts Parsippany leases totaling 8,600 sq. ft.

Three tenants have leased a combined 8,600 square feet at a renovated boutique office building in Parsippany, brokers with NAI James E. Hanson said Thursday.

Industrial
Holiday decorating business takes 6,000 sq. ft. in Middlesex Borough

A holiday decorating company is expanding into 6,000 square feet of warehouse space in Middlesex Borough, The Boniakowski Commercial Real Estate Group said Thursday.

Office
Biotech firm seals 90,000 sq. ft. lease at vacant pharma campus in Plainsboro

A biotechnology firm is set to become the first new tenant at the former Bristol-Myers Squibb campus in Plainsboro, where it will lease more than 90,000 square feet for its new U.S. headquarters and research lab.

Industrial
Auto parts distributor, dealer takes 25,000 sq. ft. in Belleville

An automotive parts company has leased 25,000 square feet at a warehouse in Belleville, under a newly announced transaction by Team Resources Inc.