Deals

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

Office
WCRE: Berlin office building sold in deal between BFP Properties, Badmacs Holdings

BFP Properties LLC has sold a 4,100-square-foot office building in the Camden County borough of Berlin, in a deal arranged by Wolf Commercial Real Estate.

Industrial
PNK Holdings buys fully approved parcel for 281,000 sq. ft. warehouse in Hammonton

A developer is planning nearly 281,000 square feet of new warehouse space after acquiring 25 acres in Atlantic County, brokers with Lee & Associates of Eastern Pennsylvania LLC said.

Industrial
Sagard Real Estate adds newly updated, 65,000 sq. ft. warehouse in South Brunswick

Sagard Real Estate has acquired a nearly 65,000-square-foot industrial building in South Brunswick, with plans to upgrade the property beyond a series of improvements completed just last year.

Retail
7 Brew Coffee eyes new store in Clark with lease at key intersection, Atlantic Coastal says

A coffee chain is expanding in central New Jersey after leasing a vacant bank property in Clark, in a deal arranged by Atlantic Coastal Real Estate and RIPCO Real Estate.

Residential & Mixed Use
Investor buys new 77-unit Somerset apartment building for $24 million, Hudson Atlantic says

A private investor has acquired a 77-unit luxury apartment building in the Somerset section of Franklin for more than $24 million, in a newly announced deal by Hudson Atlantic.

Industrial
Accordia expands to Charlotte with newly acquired, 36,000 sq. ft. light industrial building

Accordia has completed its first acquisition outside the Northeast with the addition of a nearly 36,000-square-foot, shallow-bay industrial building in Charlotte.

Health Care
Marcus: 24,000 sq. ft. medical, retail complex in Deptford trades for $5.4 million

Strategic Funding Alternatives LLC has sold a nearly 24,000-square-foot medical and retail property in Deptford Township for $5.375 million, in a deal arranged by Marcus & Millichap.

Industrial
Investor adds 26,000 sq. ft. Piscataway industrial building in deal arranged by BRC

A regional investor has acquired a nearly 26,000-square-foot industrial building in Piscataway, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use
Nine-building, 108-unit rental property in Vineland trades in $12 million deal, Kislak says

The longtime owner of a 108-unit multifamily complex in Vineland has sold the property for $12 million, in a newly announced deal by The Kislak Co. Inc.

Food & Beverage
EXP: Manchanda Group buys Journal Square White Castle property for $13 million

An investor has acquired the site of a White Castle in Jersey City’s resurgent Journal Square neighborhood, in a deal arranged by EXP Realty.