Deals

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

Retail
KenKap brokers $6.4 million sale of retail, office center in South Jersey

A 1031 exchange investor has acquired a 36,000-square-foot retail and office complex in Burlington County, in a $6.4 million sale brokered by KenKap Realty Corp.

Office
Medical practices highlight new deals at Parsippany office complex

Health care tenants have fueled new leasing activity at a two-building office complex in Parsippany, where brokers are touting more than 25,000 square feet in recent transactions.

Residential & Mixed Use
Kislak brokers $3 million apartment sale in Point Pleasant

An investor has paid $3 million for 10 apartments in Point Pleasant, in a transaction arranged by The Kislak Co. Inc.

Industrial
Colliers: Bread maker renews at neighboring Carlstadt buildings

A wholesale bread maker has recommitted to two adjacent properties in the Meadowlands, where it leases nearly 170,000 square feet from separate landlords.

Industrial
NAI Hanson: Toy maker expands, leases 27,000 sq. ft. in E. Rutherford

A maker of plush toys has leased 26,900 square feet of industrial space just west of MetLife Stadium in East Rutherford, in a deal arranged by brokers with by NAI James E. Hanson.

Residential & Mixed Use
Mixed-use Maplewood property sold to investor, Zoltek says

A local investor has acquired a mixed-use retail and residential property in one of Maplewood’s main business districts, according to the brokerage firm Zoltek Realty.

Office
Office furniture maker renews 30,000 sq. ft. lease in Mount Laurel

A furniture manufacturer has renewed its nearly 30,000-square-foot lease at a Mount Laurel office building, according to the real estate services firm Markeim Chalmers Inc.

Industrial
BRC brokers 10,500 sq. ft. industrial lease in Rahway

An industrial tenant is relocating within Union County in order to accommodate its e-commerce business, following a 10,500-square-foot lease brokered by Bussel Realty Corp.

Industrial
Camber, Advance acquire 529,000 sq. ft. complex off Route 46 for $53 million

A joint venture has acquired a four-building, 529,110-square-foot industrial and office complex in Morris County, with plans to reposition the campus to tap into the continued demand for warehouse and distribution space.

Industrial
Denholtz inks 14,000 sq. ft. lease for inflatable play center

A new children’s play center is set to open in Piscataway after its operator signed a 13,085-square-foot lease with Denholtz Associates, the commercial real estate firm said.