Deals

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

Industrial
Self-storage REIT acquires 1,900-unit Newark property

An investment group has acquired a 158,000-square-foot warehouse and self-storage building in Newark, where it’s planning a series of upgrades and a new marketing campaign.

Residential & Mixed Use
One Wall touts acquisition of 1,000-unit Pennsylvania portfolio

One Wall Partners, a Newark-based owner of transit-oriented workforce housing, has expanded its portfolio with the acquisition of nearly 1,000 apartments in eastern Pennsylvania.

Industrial
Lyndhurst warehouse fetches $4 million, slated for self-storage redevelopment

A regional real estate firm has acquired a 28,000-square-foot warehouse in Lyndhurst, under a newly announced, $4 million deal by Team Resources Inc.

Retail
Vantage RES touts new retail leases in Voorhees

Two retailers have inked new leases at a Voorhees shopping center, under a set of newly announced transactions by Vantage Real Estate Services.

Industrial
Colony acquires Mahwah industrial building, seals North Jersey portfolio deal

Colony Capital Inc. has closed on its acquisition of a newly built, 271,176-square-foot distribution center in Mahwah, completing an 11-building portfolio sale that began last spring.

Office
Bergen County acquires 34,000 sq. ft. Hackensack office building

The longtime owner of a 34,000-square-foot office building in Hackensack has sold the property to one of its tenants, the Bergen County government, under a deal arranged by NAI James E. Hanson.

Retail
C&W: Retail center inks leases with fitness, burger chains

An Elmwood Park shopping center is now fully leased after recent deals with a fitness operator and a national burger chain, brokers with Cushman & Wakefield said Tuesday.

Retail
Golf simulator, escape room among latest additions to Bell Works atrium

The mixed-use Bell Works complex in Holmdel is expanding its entertainment and experiential retail offerings, adding an indoor golf facility, an escape room and a virtual reality studio to its indoor pedestrian plaza.

Industrial
Industrial user acquires 65,000 sq. ft. Newark building

A three-story industrial building off Interstate 78 in Newark has changed hands, following a sale brokered by the William F. Connors Agency.

Industrial
Matrix sells Hamilton truck terminal for $20.5 million, HFF says

An investor focused on logistics property has acquired a nearly 45,000-square-foot truck terminal in Hamilton, in a $20.5 million sale by brokers with HFF.