Deals

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

Residential & Mixed Use
Hackensack apartments change hands for $6.1M

The Kislak Co. Inc. has arranged the $6.1 million sale of a 40-unit garden apartment complex in Hackensack, marking the second-highest per unit price recorded for such a property in the city.

Industrial
Warehouse sale allows beverage maker to relocate, NAI Hanson says

A beverage company is consolidating from two locations into more than 49,000 square feet in South Hackensack, following a deal arranged by NAI James E. Hanson.

Retail
CBRE brokers retail trades totaling $25.5M

Two net leased retail sites in Monmouth and Camden counties have been sold for a total of more than $25 million, in separate deals arranged by brokers with CBRE.

Industrial
NAI Hanson inks 5,000 sq. ft. industrial lease in Englewood

A retail merchandising company has leased 5,000 square feet at an Englewood industrial building, brokerage firm NAI James E. Hanson announced Thursday.

Industrial
Auto dealer inks 155K sq. ft. lease at Secaucus warehouse

A luxury auto dealership has leased a nearly 155,000-square-foot industrial building in Secaucus, where it will store and prepare new vehicles before placing them on lots around the region.

Residential & Mixed Use
Suburban Union County apartments fetch $55M

A buyer has paid $55 million for a 232-unit garden apartment complex in New Providence, in a deal arranged by brokers with Gebroe-Hammer Associates.

Industrial
Bridge sells Union industrial site, its first in N.J., for $46.5M

Bridge Development Partners LLC has sold its newly developed industrial building in Union for $46.5 million, reaping the success of its first project in New Jersey after entering the market in 2014.

Office
Burlington County flex building changes hands, WCRE says

A 24,000-square-foot flex building in Delran is under new ownership, following a sale brokered by Wolf Commercial Real Estate.

Industrial
Prologis inks nearly 870K sq. ft. to logistics, retail firms

Industrial real estate giant Prologis has inked two new deals in New Jersey totaling nearly 870,000 square feet, with CBRE Group Inc. serving as its broker in the recent transactions.

Retail
North Plainfield retail site trades for $5.1M

A North Plainfield retail property has changed hands among private investors for a price of $5.1 million, following a deal brokered by Marcus & Millichap.