Deals

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

Office
AY: With upgrades in sight, Ramsey office building attracts five new tenants

Five tenants have leased a combined 11,600 square feet at a Ramsey office building once anchored by UPS, whose new owner is now upgrading the 139,000-square-foot property.

Office
NAI Hanson brokers sale of Ridgewood medical office building

A cardiology practice is now an owner and occupier of a 9,242-square-foot medical office building in Ridgewood, following a sale arranged by NAI James E. Hanson.

Residential & Mixed Use
Hackensack apartment buildings sell for $11.5 million, Kislak says

A private investor has sold a two-building, 78-unit apartment portfolio in Hackensack for $11.5 million, in a transaction arranged by The Kislak Co. Inc.

Industrial
NAI Hanson: E-commerce user takes 46,000 sq. ft. in Newark

An e-commerce company has leased more than 46,000 square feet at a Newark industrial building, brokers with NAI James E. Hanson announced this week.

Office
JLL inks $33.5 million sale of Somerset office park

A three-building, 679,000-square-foot office park in Somerset County has changed hands for $33.5 million, following a sale arranged by JLL.

Residential & Mixed Use
Harrison development site fetches $14.5 million, CBRE says

An industrial user has sold a former warehouse site and a vacant lot in Harrison, paving the way for another addition to the town’s waterfront redevelopment area.

Retail
Barbershop chain takes 1,800 sq. ft. in Madison, its third New Jersey store

A barbershop chain has leased nearly 1,800 square feet at a mixed-use property in downtown Madison, brokers with JLL announced this week.

Office
CBRE inks sale of 110,000 sq. ft. Princeton office complex to KABR

The KABR Group has acquired a two-building, 110,000-square-foot office complex in Princeton, CBRE announced, touting the buyer’s plans to reposition the property.

Industrial
Food distributor takes 125,000 sq. ft. at Duke project in Wood-Ridge

Duke Realty Corp. has preleased two-thirds of a new warehouse in Wood-Ridge, inking a nearly 125,000-square-foot lease with a specialty food distributor.

Office
Newmark inks 12,500 sq. ft. lease at creative office building in Union City

A marketing firm has leased 12,500 square feet at a creative professional building in Union City, brokers with Newmark Associates announced last week.