Deals

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

Office
Montvale office building sells for $14 million

A development and investment firm has reaped $14 million from the sale of a newly upgraded, 94,000-square-foot office building in Montvale, brokers with JLL announced.

Retail
AutoZone ground lease in Irvington sells for $3.9 million, Marcus says

A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.

Retail
Colliers: Investor buys 125,000 sq. ft. Robbinsville retail center

An out-of-state investor has acquired a 125,295-square-foot shopping center in Robbinsville, following a three-month marketing effort by Colliers International and Ten-X.

Office
Private equity, real estate firms moving to Sanzari campus in Teaneck

Two companies are relocating to Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck, where they are taking a combined 7,300 square feet.

Office
Denholtz inks 15 leases at South Plainfield business park

More than a dozen companies have combined to lease 40,000 square feet in South Plainfield, where Denholtz Associates has renovated a six-building, 140,000-square-foot business park.

Residential & Mixed Use
Gebroe-Hammer inks $32.6 million sale of Woodmont property in Bridgewater

Woodmont Properties has sold a 100-unit apartment complex in Bridgewater for more than $32 million, in a sale announced by Gebroe-Hammer Associates.

Industrial
Goldstein Group touts 50,000 sq. ft. industrial sale in North Bergen

The Goldstein Group has brokered the sale of a 50,000-square-foot industrial building in North Bergen, in one of two deals announced this week by the retail brokerage firm.

Retail
Marcus: Neptune retail property sells for $4.3 million

A developer has sold an 18,150-square foot retail property in Neptune for nearly $4.3 million, brokers with Marcus & Millichap announced Wednesday.

Industrial
NAI Hanson: Fashion company acquires 73,000 sq. ft. warehouse in Lodi

A fashion company has acquired a nearly 75,000-square-foot industrial building in Lodi, which it plans to use to both fulfill its e-commerce business and support a retail location in Manhattan.

Industrial
Three tenants renew at Denholtz flex park in Toms River

Denholtz Associates has completed three renewals at a 95,000-square-foot business park in Toms River, the developer and investment firm announced Tuesday.