Deals

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

Retail
Net leased dollar store property sells for $2.1 million, Marcus & Millichap says

A developer has sold an 8,500-square-foot retail property in Elizabeth for more than $2 million, according to brokers with Marcus & Millichap who orchestrated the deal.

Residential & Mixed Use
North Bergen apartment building sells for $25.4 million

The developer of a newly built, 122-unit apartment building in North Bergen has sold the property for $25.4 million, in a sale brokered by The Kislak Co. Inc.

Retail
NAI Hanson brokers sale of Route 22 gas station

The new owner of a service station in Scotch Plains is set to modernize the 2,000-square-foot property, following a transaction brokered by NAI James E. Hanson.

Finance & Capital Markets
Procida finances three retail centers for $5.86 million

Procida Funding has closed on three loans for nearly $6 million that will support retail centers in Morris, Essex and Hunterdon counties, the Englewood Cliffs-based lender said recently.

Industrial
Duke announces 264,085 sq. ft. lease in Cranbury with lighting company

A lighting manufacturer is expanding its Northeast distribution center footprint as part of a recently announced, 264,085-square-foot lease in Cranbury with Duke Realty.

Industrial
Retail, warehouse property in East Brunswick changes hands

An investment group has acquired a 41,500-square-foot retail and warehouse property in East Brunswick, in a deal announced Thursday by Sheldon Gross Realty.

Industrial
BRC brokers Avenel industrial sale for $800,000

A party rentals company has acquired a 10,125-square-foot industrial building in the Avenel section of Woodbridge, according to brokers with Bussel Realty Corp.

Office
Bergman, Gottesman acquire Roseland office building

A joint venture has acquired a Roseland office building from Mack Cali Realty Corp., with plans to invest more than $1.5 million to improve the 94,000-square-foot property.

Industrial
Industrial buyer plans upgrades at three South Jersey buildings

Investors have paid $8.5 million to acquire a three-building, 193,000-square-foot warehouse portfolio in the sprawling Pureland complex in Gloucester County.

Residential & Mixed Use
Marcus & Millichap: Red Bank property fetches $6.3 million

A private investor has sold a mixed-use, 23,000-square-foot property in Red Bank for more than $6 million, brokers with Marcus & Millichap announced Monday.