Deals

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

Residential & Mixed Use
Cervelli: Six-unit rental building in Jersey City Heights sold for $1.1 million

A private investor has purchased a six-unit apartment building in Jersey City Heights for $1.1 million, in a deal arranged by Cervelli Real Estate & Property Management.

Industrial
Binswanger: Eagle Cliff adds to holdings with 305,000 sq. ft. Philadelphia industrial deal

Eagle Cliff Real Estate Partners has acquired a 305,000-square-foot distribution center in Northeast Philadelphia, brokers with Binswanger announced recently.

Residential & Mixed Use
Boutique apartment building in Jersey City’s Bergen-Lafayette trades for $391,000 per unit

An investor has acquired a new 16-unit luxury apartment building in Jersey City for $6.65 million, in a deal arranged by Redwood Realty Advisors.

Industrial
Bridge Logistics, HVAC manufacturer sign 24,000 sq. ft. industrial lease in Teterboro

Bridge Logistics Properties has leased up a Meadowlands industrial building with a new commitment by an HVAC manufacturing company.

Residential & Mixed Use
Deluccia inks sale of six-unit apartment, retail building in downtown Somerville

A local family has sold a six-unit apartment and retail building in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.

Retail
Marcus: Net-leased 7-Eleven convenience, gas property in Freehold trades for $4.7 million

A local investor has purchased a net-leased 7-Eleven property in Freehold for $4.7 million, in a deal arranged by Marcus & Millichap.

Office
CBRE: Eastman inks 12,000 sq. ft. lease in Livingston with national law firm Gordon Rees

Eastman Cos. has secured a new tenant for a prominent office property in Livingston, leasing nearly 12,000 square feet to a national law firm.

Office
Princeton Eye Group buys 10,000 sq. ft. building for new Somerset office, PPP says

Princeton Eye Group has acquired a nearly 10,300-square-foot office building in the Somerset section of Franklin, brokers with Princeton Property Partners announced recently.

Retail
Investor buys 20,000 sq. ft. Flemington strip center for $3.2 million, BRC says

A fully leased, 20,000-square-foot strip center in Flemington has changed hands for more than $3 million, in a newly announced deal by Bussel Realty Corp.

Retail
The Fresh Grocer operated by Inserra to open 31,000 sq. ft. store in Ringwood

Inserra Supermarkets is coming to a Passaic County shopping center under a newly announced 31,000-square-foot lease with The Azarian Group LLC.