Deals

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

Health Care & Education
CBRE touts 97,000 sq. ft. lease for Newark public schools

Newark’s public school system has opened a new central office in the city’s downtown, following a 97,000-square-foot lease announced Friday by CBRE.

Retail
WCRE inks 6,100 sq. ft. lease in Voorhees with child care center

A child care business has leased more than a third of a 15,070-square-foot retail building in Camden County, brokers with Wolf Commercial Real Estate said Friday.

Industrial
NAI Mertz inks 135,000 sq. ft. warehouse lease in Moorestown

A newly renovated warehouse building in Moorestown has landed a 135,000-square-foot tenant, under a long-term lease arranged by brokers with NAI Mertz.

Industrial
Distributor inks two leases in Hillside, BRC says

An industrial user has leased a combined 43,500 square feet at two buildings in Hillside, under a set of transactions announced this week by Bussel Realty Corp.

Retail
East Brunswick retail center sells for $25.4 million, HFF says

A joint venture has sold a 117,000-square-foot, grocery-anchored shopping center in East Brunswick for more than $25 million, in a deal arranged by brokers with HFF.

Retail
Colliers: Entertainment park leases 24,000 sq. ft. in Middlesex County

A trampoline and entertainment center has opened inside a Middlesex County shopping center, following a 24,000-square-foot lease announced Tuesday by Colliers International.

Residential & Mixed Use
Redwood: Investor buys Bayonne apartments for $32 million, plans expansion

An investment firm has paid $32.1 million for an 85-unit, high-end apartment building in Bayonne, where it’s now planning an expansion that will more than double the number of units.

Industrial
WCRE: Lawn care business takes 3,900 sq. ft. in Camden County

A newly built, 12,000-square-foot flex building in Voorhees is now fully occupied after a recent lease with a lawn care company, brokerage firm Wolf Commercial Real Estate said.

Industrial
Joint venture sells 369,000 sq. ft. warehouse to LPT

Liberty Property Trust has acquired a single-tenant, 369,313-square-foot industrial building in Edison, in a transaction announced Friday by CBRE.

Residential & Mixed Use
Investor pays $14.25 million for West Caldwell apartments, Kislak says

A newly built, 30-unit apartment building in West Caldwell is under new ownership, following a $14.25 million sale arranged by The Kislak Co. Inc.