Deals

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

Retail
Branchburg building sold for gas station expansion

A gas station operator in Branchburg has acquired an adjacent building as part of a plan to build a new 3,000-square-foot convenience store, in a deal arranged by Remco Realty Group.

Industrial
New 725,000 sq. ft. facility will serve as distribution, customer service hub for Best Buy

A new Best Buy distribution center is slated to open in Piscataway by this year’s holiday shopping season, under a 725,000-square-foot lease touted Friday by Rockefeller Group.

Office
WCRE: New 10,000 sq. ft. office building sold in Burlington County

A newly built, 10,000-square-foot office building has changed hands in Burlington County, in a transaction arranged by brokers with Wolf Commercial Real Estate.

Retail
Retailers lease 20,000 sq. ft. at Edison complex

A new business and an existing tenant have leased nearly 20,000 square feet at an Edison commercial complex, in a series of transactions announced by Weiss Realty.

Residential & Mixed Use
Equity Residential sells 170-unit Cherry Hill complex for $35 million

An out-of-state firm has made its first acquisition in New Jersey with the purchase of a 170-unit apartment complex in Cherry Hill, according to brokers with HFF who arranged the deal.

Industrial
NAI Hanson: Clifton landlord inks 22,000 sq. ft. lease with warehousing, distribution firm

A warehousing and distribution firm will occupy a recently upgraded industrial space in Clifton, following a 22,220-square-foot lease arranged by NAI James E. Hanson.

Deals
Insurance group signs 7,500 sq. ft. lease at Berger building in Newark

An insurance industry trade group is relocating within downtown Newark after leasing 7,500 square feet from the Berger Organization.

Office
Marcus & Millichap: West Orange office building fetches nearly $9 million

An investor has acquired a 60,000-square-foot office building in West Orange, following a nearly $9 million transaction arranged by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer apartment sales top $231 million in December

Gebroe-Hammer Associates closed 14 sales spanning more than 1,300 apartments in December, fueling what it says is a new year-end benchmark for the multifamily brokerage firm.

Industrial
BRC: E-commerce user leases 18,000 sq. ft. in Linden

An e-commerce business inked a full-building, 18,000-square-foot lease at a Linden industrial building, brokers with Bussel Realty Corp. said Monday.