Deals

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

Industrial
Importer displaced by massive fire inks short-term lease in Woodbridge

An importer has leased more than 132,000 square feet of industrial space in Woodbridge, where it will remain for about a year until the completion of a new warehouse in North Brunswick.

Industrial
NAI DiLeo-Bram brokers 67,000 sq. ft. industrial lease in Branchburg

A maker of decorative hardware for kitchens and bathrooms has leased a 67,000-square-foot industrial building in Branchburg, according to brokers with NAI DiLeo-Bram & Co.

Residential & Mixed Use
West New York rental building sells for $1.2 million

A nine-unit apartment building in West New York has changed hands among private investors, following a $1.2 million sale brokered by Marcus & Millichap.

Industrial
Elberon acquires 115,000 sq. ft. Elizabeth warehouse for $9 million

Elberon Development Group has expanded its footprint in Elizabeth, completing the $9 million acquisition of a soon-to-upgraded, 115,000-square-foot warehouse in the city.

Office
NKF: Bank recommits to N.J. headquarters in East Brunswick

PNC Financial Services has renewed and extended the lease at its 90,000-square-foot New Jersey headquarters in East Brunswick, in a deal announced by Newmark Knight Frank.

Industrial
Tulfra sells West Caldwell industrial building for $7.8 million

Tulfra Real Estate has reaped nearly $8 million from the sale of a fully leased, 62,200-square-foot industrial building in West Caldwell, capitalizing on what it says is a growing demand for space in the Fairfield-area submarket.

Finance & Capital Markets
Mixed-use portfolio in Newark secures $3.7 million bridge loan, Procida says

Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.

Retail
Starbucks fills ex-bank building in Ridgewood, Goldstein Group says

A new Starbucks is set to occupy a former bank building in Bergen County, following a transaction arranged by brokers with The Goldstein Group.

Office
Tenants renew, expand at Fairfield office building during Q3

A joint venture has inked nearly 60,000 square feet in leasing activity at a Fairfield office building, where the owners are in the midst of a series of renovations.

Retail
LMC: Lease brings new McDonald’s to Middlesex

A newly built, 3,500-square-foot McDonald’s has opened its doors in the borough of Middlesex, following a lease arranged by brokers with Levin Management Corp.