Deals

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

Residential & Mixed Use
South Jersey apartment portfolio trades for $24.5 million

The owner of a 326-unit multifamily portfolio in southern New Jersey has sold the property for $24.5 million, under a transaction announced Monday by The Kislak Co. Inc.

Retail
Big Lots expanding to 55,000 sq. ft. in Burlington County, Jeffery says

A discount retailer is nearly doubling its footprint at a Burlington County shopping center, in the largest of several newly announced deals by Jeffery Realty.

Health Care & Education
Atlantic County nursing home sold as part of three-building portfolio, Marcus says

A developer has sold three nursing home facilities in the region, including one in Atlantic County, under a set of transactions brokered by Marcus & Millichap.

Retail
WCRE: JP Morgan acquires redevelopment site, plans new branch in Marlton

JP Morgan Chase Bank is planning a new branch in Marlton, brokers said, following the lender’s acquisition of a former convenience store and gas station property on Route 70.

Office
Marcus inks $5.75 million sale of West Orange office building

A private investor has sold a nearly 35,000-square-foot office building in West Orange, under a newly announced sale by Marcus & Millichap.

Office
Brooklyn investor acquires Cherry Hill office park for $17.4 million, JLL says

A joint venture has sold a three-building office complex in Cherry Hill, under a $17.4 million transaction arranged by JLL.

Office
HFF: Investor acquires 119,000 sq. ft. office building in Montvale

A private equity firm has sold a 119,000-square-foot office building in Montvale, the home of a well-known travel company and other tenants.

Office
Atkins completes two expansions at upgraded medical office building

Atkins Cos. has inked two lease expansions with tenants at a newly updated, 46,400-square-foot medical office building in Burlington County.

Industrial
Fair Lawn location is food company’s third N.J. warehouse, NAI Hanson says

A food manufacturer has expanded its footprint in New Jersey with a nearly 102,000-square-foot lease in Fair Lawn, brokers with NAI James E. Hanson announced Tuesday.

Retail
Café concept takes 1,900 sq. ft. at 34-unit Bijou project in Hoboken

A café operator has committed to its third location in Hudson County, leasing nearly 2,000 sq. ft. at Bijou Properties’ new 34-unit luxury rental building in uptown Hoboken.