Deals

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

Residential & Mixed Use
C&W: Pomeranc Group buys 465-unit Wayne rental property, inks $98 million acquisition loan

The Pomeranc Group has acquired a 465-unit apartment complex in Wayne, having also secured nearly $98 million in Fannie Mae financing for the deal.

Industrial
Bridge acquires 115,000 sq. ft. industrial service facility in Linden

Bridge Industrial has made another deal under its growing acquisition platform, adding a 115,000-square-foot service facility in Linden.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.

Retail
JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

A stretch of downtown Westfield is seeing a spike in retail leasing amid increased traffic from remote workers in the bedroom community, according to brokers with JLL.

Retail
Event business leases 2,600 sq. ft. at Woodbridge strip center, Azarian says

An event company has taken more than 2,600 square feet at a Woodbridge shopping center, in a newly announced deal by Azarian Realty Co.

Retail
Burlington takes 25,000 sq. ft. at Ramsey shopping center, Welco says

A new 25,000-square-foot Burlington store is coming to a Ramsey shopping center, under a newly announced transaction by Welco Realty Inc.

Office
Itinerary management firm inks 2,300 sq. ft. lease in Hopewell, CPN says

A firm that provides itinerary management for travel professionals has taken nearly 2,300 square feet at a Mercer County office building, according to Commercial Property Network Inc.

Industrial
Dermody buys Gloucester development site for 214,000 sq. ft. industrial project, C&W says

Dermody Properties has acquired a Gloucester County development site with approvals in place to build more than 214,000 square feet of new industrial space.

Residential & Mixed Use
Kislak inks sale of 32-unit Long Branch apartment building for $6.5 million

The site of a 32-unit apartment building in Long Branch has changed hands for $6.45 million, according to The Kislak Co. Inc., marking the second trade of the property in four years.

Retail
Newmark Associates: Investor adds 12,000 sq. ft. retail, office property in Mountain Lakes

A private investor has purchased a 12,000-square-foot retail and office property in Mountain Lakes, in a transaction arranged by Newmark Associates.