Deals

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

Residential & Mixed Use
Gebroe-Hammer: South Jersey rental properties fetch a combined $89 million

Investors have paid a combined $89 million for nearly 900 garden apartments in southern New Jersey, under three separate transactions announced this week by Gebroe-Hammer Associates.

Industrial
Saddleback inks 31,000 sq. ft. lease in Parsippany

Saddleback Real Estate Developers has leased more than 30,000 square feet in Parsippany to a bearing products distributor, the investment and management firm said this week.

Industrial
NAI Hanson: Large-format printer inks 10,700 sq. ft. lease in South Hackensack

A firm that prints vehicle wraps and other large-format graphics has leased nearly 11,000 square feet of industrial space in South Hackensack, according to brokers with NAI James E. Hanson.

Office
New deals, renewals bring Parsippany office building to full occupancy

Tenants have inked more than 60,000 square feet in new leases and renewals at a Parsippany office building, bringing the 152,000-square-foot property to 100 percent occupancy.

Residential & Mixed Use
CBRE: Ex-Newark school building sells for $1.8 million, slated for conversion

Newark’s public school system and its teachers union have sold a vacant commercial building in downtown Newark, in a $1.8 million sale brokered by CBRE.

Office
P3RE inks 26,000 sq. ft. lease with nonprofit in Bloomfield

A nonprofit that provides services to youth and families has leased 26,000 square feet at a 380,000-square-foot office park in Bloomfield, according to landlord P3RE Properties.

Retail
K&G leases 18,500 sq. ft. at Azarian complex in Passaic County

The Azarian Group LLC has added a men’s fashion retailer to its tenant roster at a 50,000-square-foot shopping center in Woodland Park, the firm announced recently.

Residential & Mixed Use
Investment firm’s $425 million housing plan to include northern N.J., New York City

A real estate investment firm plans to spend more than $200 million to acquire single-family and multifamily properties in northern New Jersey, Philadelphia and New York City, under a strategy that calls for repositioning the homes as workforce rental housing.

Industrial
CPN: Auction house buys 16,000 sq. ft. Hunterdon County building

An auction house is expanding its footprint with the acquisition of a 16,000-square-foot building in Lambertville, according to the brokerage firm Commercial Property Network.

Retail
LMC: Restaurant inks second N.J. location in Franklin Twp.

An Afghan and Middle Eastern restaurant business is set to expand into Somerset County, following a commitment to a 266,000-square-foot shopping center in Franklin Township.