Deals

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

Finance & Capital Markets
Colliers brokers $63M sale of Hackensack office complex

A joint venture has paid $63 million to acquire the Continental Plaza office complex in Hackensack, in a deal orchestrated by brokers with Colliers International.

Office
SJP Properties leases 115K sq. ft. to telecom solutions firm

SJP Properties has inked a new 115,000-square-foot lease with iconectiv, a data infrastructure and messaging solutions firm, at the developer’s Somerset Corporate Center in Bridgewater.

Deals
San Francisco REIT acquires Franklin industrial building

Terreno Realty Corp. has acquired a small industrial property in Franklin for $9.1 million.

Finance & Capital Markets
HFF brokers $147M sale of N.Y. multifamily property

A brokerage team from HFF’s New Jersey office has closed the $147 million sale of a 504-unit apartment community in nearby Rockland County, New York.

Deals
Levin: Two new tenants joining North Brunswick retail center

Sherwin-Williams and Community Dental will be among the newest tenants at a nearly 300,000-square-foot shopping center in North Brunswick, Levin Management said this week.

Deals
HFF arranges $73 million loan for Harrison multifamily project

HFF has secured $73 million in financing for Russo Development’s recently completed, 398-unit multifamily community in Harrison, the real estate services firm said Wednesd

Deals
Cushman & Wakefield arranges sale of South Brunswick industrial building

A fully occupied, 220,000-square-foot industrial building in South Brunswick has changed hands in a sale brokered by Cushman & Wakefield, the firm announced Tuesday.

Deals
Berger Organization grows office portfolio in downtown Newark

The Berger Organization has acquired a 33,000-square-foot building in downtown Newark that it will renovate and market as a sister property to an adjacent office tower, the firm announced.

Deals
Rockefeller lands $70M construction loan for AVE Florham Park

The Rockefeller Group has secured $70 million in financing on behalf of its joint-venture partnership with Korman Communities for the construction of AVE Florham Park, a flexible-stay community in Florham Park.

Deals
Grocery-anchored retail center in Lyndhurst secures new financing

By Real Estate NJ HFF has arranged a $31 million refinancing for Veterans Square, a 136,928-square-foot grocery-anchored retail center in Lyndhurst. HFF represented the borrower, The Hampshire Cos., in securing a fixed-rate loan from Nationwide Real Estate Investments. The four-building…