Deals

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

Residential & Mixed Use
New 30-unit Fort Lee rental building trades for $17 million, Veerman says

A developer has sold a newly constructed, 30-unit apartment building in Fort Lee for $16.8 million, in a transaction arranged by Veerman Asset Management.

Industrial
Sagard Real Estate adds 80,000 sq. ft. Avenel warehouse in $24 million deal

Sagard Real Estate has acquired more than 80,000 square feet of industrial space in Woodbridge for $24.1 million, in one of two newly announced deals by the investment advisory firm.

Retail
TFE acquires two-building, 3,300 sq. ft. retail property in Flemington retail corridor

TFE Properties has added nearly 3,300 square feet of retail space to its portfolio with its acquisition of two freestanding buildings in Flemington.

Industrial
Hartz preleases 109,000 sq. ft. Cranford warehouse, eyes 132,000 sq. ft. second phase

Hartz Mountain Industries has leased more than 109,000 square feet of new industrial space in Cranford, securing deals with an HVAC wholesale distributor and a third-party logistics firm.

Industrial
MCB adds new 368,000 sq. ft. warehouse in Howell in $70 million deal

MCB Real Estate has purchased a newly built, 368,000-square-foot industrial building in Howell for nearly $70 million, the investment management firm announced Tuesday.

Industrial
NAI Hanson: Admiral Metals leases 12,000 sq. ft. in Sparta industrial flex deal

A metals processor and distributor has taken more than 12,000 square feet of industrial flex space in Sussex County, in a newly announced deal by NAI James E. Hanson.

Office
Dental practice takes space at updated Montvale medical office building, Accordia says

A dental practice is joining the tenant roster at a newly updated, 32,000-square-foot medical office building in Montvale, according to a management team with Accordia.

Retail
BRC: Holy Cow Burgers takes 2,600 sq. ft. at Woodland Park property

A burger chain is expanding to New Jersey after leasing nearly 2,600 square feet in Woodland Park, in a newly announced deal by Bussel Realty Corp.

Retail
Marcus: Three-unit, 4,200 sq. ft. mixed-use property in Englewood fetches $1.2 million

An investor has purchased a three-unit commercial property in downtown Englewood for nearly $1.2 million, brokers Marcus & Millichap announced recently.

Retail
Cherry Hill commercial property finds final retail tenant, WCRE says

The owner of a nearly 41,000-square-foot commercial property in Cherry Hill has leased the final retail space at the complex, in a newly announced deal by Wolf Commercial Real Estate.