Deals

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

Residential & Mixed Use
South Jersey apartment complex trades for $32.1 million

A multifamily owner has sold a 546-unit garden apartment complex in Camden County for $32.1 million, in a newly announced sale arranged by Gebroe-Hammer Associates.

Industrial
Hampshire sells 71,000 sq. ft. industrial building in Fairfield

The Hampshire Cos. has sold a Fairfield industrial building to a local manufacturing business, which will use the space to accommodate its growing operation.

Retail
Fund acquires Hudson County retail center anchored by wholesaler, grocery store

The developer of a two-year-old, 139,900-square-foot retail center in Hudson County has sold the property to a fund managed by Bentall Kennedy, brokers with Cushman & Wakefield said.

Health Care & Education
Medical office building is Saxum’s latest acquisition in Madison

Saxum Real Estate has closed on its second property in Madison, acquiring a 19,700-square-foot medical office building in the borough’s downtown.

Retail
Jersey City tower adds coffee shop to retail mix

An area coffee shop chain is opening its next Jersey City location at Vantage, the 45-story luxury apartment tower in the city’s Liberty Harbor North neighborhood.

Office
Colliers inks 19,000 sq. ft. at new-look Florham Park complex

A joint venture is reaping the benefits of a plan to upgrade and add new amenities to a Florham Park office complex, where brokers have inked four new leases and a renewal.

Office
JLL: Pharma tenant inks U.S. headquarters lease in Warren

A pharmaceutical firm is moving its U.S. headquarters to a newly renovated building in Warren, under a 14,280-square-foot lease announced Friday by JLL.

Office
Financial services firm leases 4,100 sq. ft. in Westmont, WCRE says

An office building in Camden County has reached full occupancy, following a 4,123-square-foot lease arranged by Wolf Commercial Real Estate.

Retail
Howell restaurant fetches $3.1 million in 1031 exchange, Marcus says

An investor has acquired a 7,100-square-foot, net leased restaurant property in Howell for $3.1 million, brokers with Marcus & Millichap announced Friday.

Health Care & Education
Newark medical office building sells for $4.25 million

A newly renovated, 37,500-square-foot medical office building in Newark’s Ironbound section has changed hands for $4.25 million, in a deal arranged by The Kislak Co. Inc.