Deals

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

Residential & Mixed Use
Marcus: Newly built, mixed-use building in Paterson trades for $6.7 million

A developer has sold a newly built apartment and retail property in Paterson, in a $6.7 million transaction arranged by Marcus & Millichap.

Industrial
Sea salt products business takes 11,000 sq. ft. in Hackettstown

A sea salt products company has leased more than 11,000 square feet of industrial space in Hackettstown, brokers with Team Resources Inc. announced recently.

Industrial
Zimmel: Investors pay $10.5 million for Jersey City industrial building

An investment group has acquired a 105,000-square-foot industrial building off Interstate 78 in Jersey City, under a $10.5 million deal announced this week by Zimmel Associates.

Residential & Mixed Use
Elizabeth rental buildings fetch $6.5 million, Kislak says

A multifamily owner has sold a two-building, 62-unit apartment portfolio in Elizabeth for $6.5 million, brokers with The Kislak Co. Inc. announced.

Industrial
Investors acquire 570,000 sq. ft. Edison warehouse

A joint venture has acquired a fully leased, 570,000-square-foot industrial building in Edison for what was reported to be more than $80 million.

Retail
Joint venture acquires Springfield Avenue shopping center in Newark

An affiliate of Goldman Sachs and Madison Marquette have acquired one of Newark’s newest retail properties — a fully occupied, grocery-anchored shopping center on Springfield Avenue.

Residential & Mixed Use
Homestake, HBC complete sale of development parcel in Jersey City

Homestake Capital LLC, a boutique real estate investment firm, has made its entrance to Jersey City with a recent joint venture with Hoboken Brownstone Co.

Industrial
Distribution firm takes 29,000 sq. ft. in Moorestown, NAI Mertz says

A global distribution company has leased 29,000 square feet at a Moorestown industrial building, bringing the property to 100 percent occupancy.

Office
WCRE: Law firm takes 2,500 sq. ft. in Cherry Hill

A national law firm has leased more than 2,500 square feet at a Cherry Hill office building, brokers with Wolf Commercial Real Estate announced Friday.

Office
JLL touts 65,000 sq. ft. in leasing at 3 Gateway in Newark

Four tenants have leased a combined 65,000 square feet at a well-known building in downtown Newark, where ownership is reaping the benefits of a multimillion-dollar renovation.