Deals

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

Residential & Mixed Use
Developer buys mixed-use Jersey City site, Marcus says

A developer has acquired a 9,400-square-foot mixed-use property in Jersey City, brokers said Wednesday, touting the site as an opportunity for new multifamily construction.

Retail
Walmart ground lease in Teterboro sells for $37 million

A developer has reaped more than $37 million from the sale of a Walmart ground lease within a sprawling retail and light industrial complex in Teterboro, its broker announced Tuesday.

Residential & Mixed Use
CBRE brokers sale of two mixed-use properties in Manville

Two mixed-use residential properties in Manville have changed hands for a combined $880,000, in a transaction arranged by brokers with CBRE.

Retail
CBRE: ‘Poké’ concept coming to New Jersey, inks lease at Garden State Plaza

A fast casual chain offering what are known as poké bowls and burritos — a Hawaiian-inspired concept focused on fresh fish — is making its debut in New Jersey with a new location at the Westfield Garden State Plaza in Paramus.

Office
Hackensack office building inks four leases with law firms

Four law firms have signed leases at a 225,000-square-foot office building just minutes from the Bergen County Courthouse in Hackensack.

Finance & Capital Markets
NKF inks sales of Bayonne retail center, Marlton office building

Investors have paid a combined $11 million for a Bayonne shopping center and a Marlton office building, in separate deals announced Friday by Newmark Knight Frank.

Retail
HFF: ShopRite center, medical office building trade for $16.2 million

A developer has reaped more than $16 million from the sale of a grocery-anchored retail complex and a medical office building in Warren County, brokers with HFF said.

Industrial
Lighting, sound equipment firm takes 40,000 sq. ft. in Bayonne

A lighting and sound equipment company is consolidating two locations into a 40,000-square-foot space in Bayonne, following a transaction arranged by Team Resources Inc.

Industrial
Manalapan flex park trades for $8.6 million

A developer has sold a nine-building, 84,000-square-foot industrial and flex park in Manalapan, in a nearly $8.6 million deal announced by CBRE.

Industrial
REIT buys FedEx Ground facility in Trenton for $85.3 million

A real estate investment trust has added to its portfolio in central New Jersey, acquiring a 347,145-square-foot industrial property in Trenton for more than $85 million.