Deals

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

Government & Public Policy
Trenton to acquire vacant hotel with $4 million grant, one of 12 approved under EDA program

State officials have approved a $4 million grant to help the City of Trenton acquire a vacant hotel property that’s slated to be redeveloped under a proposed mixed-used project.

Deals
Pompton Plains, Paramus retail properties trade in deals arranged by Goldstein Group

By Joshua Burd The longtime owner of a 30,000-square-foot strip center in Pompton Plains has sold the property, in one of two newly announced deals by The Goldstein Group. The buyer, Prime Equity, paid an undisclosed price for Fireside Plaza…

Industrial
Faux flower seller leases 38,000 sq. ft. in Newark, in one of three new BRC deals

A home décor company has taken more than 38,000 square feet of industrial space in Newark, in one of three newly announced deals by Bussel Realty Corp.

Retail
Florist takes 1,600 sq. ft. at Green Brook retail property, Deluccia says

A flower shop has leased 1,600 square feet at a Route 22 retail center in Green Brook, according to a brokerage team with Deluccia Commercial Group.

Industrial
Galvanize, sustainability-minded investment firm, buys 608,000 sq. ft. warehouse at Exit 8

Galvanize Real Estate has made its second acquisition in New Jersey with plans to significantly reduce carbon emissions at the 608,000-square-foot warehouse in East Windsor.

Industrial
WCRE: Cleaning services firm takes 5,200 sq. ft. in Pennsauken flex industrial deal

A commercial cleaning services firm has leased more than 5,000 square feet at a flex industrial facility in Pennsauken, Wolf Commercial Real Estate announced in a news release Friday.

Retail
CBRE: MetLife sells 103,000 sq. ft. grocery-anchored center in Philadelphia suburb

MetLife Investment Management has sold a more than 103,000-square-foot retail center outside Philadelphia, in a newly announced deal by CBRE.

Retail
LMC: Target takes 76,000 sq. ft. in Flemington with upgrades coming to key shopping center

Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.

Retail
Progress Realty buys 385,000 sq. ft. Sam’s Club-anchored center near Buffalo for $43 million

Progress Realty Partners has acquired a 385,000-square-foot retail center outside Buffalo, New York, as it looks to build its portfolio in growing markets outside New Jersey.

Top News
Revlon takes 62,000 sq. ft. for R&D hub at Onyx-led NEST campus in Kenilworth

Revlon is heading to Onyx Equities’ Northeast Science and Technology Center in Kenilworth, where it will lease 62,000 square feet for its New Jersey-based research and development hub.