Deals

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

Industrial
Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019

Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.

Residential & Mixed Use
Newark affordable housing complex sells for $47.5 million

Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.

Industrial
Robbinsville warehouse trades for $13.5 million, JLL says

A national investment firm has made another addition to its New Jersey portfolio, acquiring a nearly 88,000-square-foot warehouse and manufacturing facility in Robbinsville.

Office
CBRE: Investor buys LVMH headquarters building in Springfield for $13 million

The Springfield office building that is home to LVMH Moët Hennessy Louis Vuitton SE, the French luxury goods conglomerate, has changed hands for $13.3 million.

Retail
Goldstein Group: Enterprise takes 14,000 sq. ft., backfills Wayne dealership site

Enterprise Rent A Car is slated to open a new refurbishment facility in Wayne after agreeing to lease 14,000 square feet, brokers with The Goldstein Group said Monday.

Retail
Owner of former Mahwah daycare site inks 9,800 sq. ft. office lease

An office user has backfilled a former daycare center in Mahwah, under a nearly 10,000-square-foot transaction brokered by NAI James E. Hanson.

Retail
C&W: Advance, Invesco sell 75,000 sq. ft. retail center in Paramus

Advance Realty and Invesco Real Estate have sold a 75,000-square-foot, grocery-anchored retail property on Route 17 in Paramus, in a deal arranged by Cushman & Wakefield.

Industrial
Trucking company expands, takes 15,600 sq. ft. in Hackensack

A trucking company has expanded into a second industrial building in Bergen County, following a 15,600-square-foot lease arranged by Team Resources Inc.

Office
Medical practice takes 3,450 sq. ft. for new HQ in Cherry Hill, WCRE says

An orthopedics and sports medicine practice has leased nearly 3,500 square feet at a Cherry Hill office building, Wolf Commercial Real Estate announced Friday.

Industrial
Avison Young: Security firm sells HQ, relocates along Route 46

A security inspection systems firm has sold its headquarters in Fairfield and relocated to nearly 22,000 square feet in nearby Pine Brook, brokers with Avison Young announced recently.