Deals

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

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.

Retail
HFF brokers $21 million sale of Toms River shopping center

Investors have acquired a 120,349-square-foot community shopping center in Toms River, in a $21.1 million deal arranged by brokers with HFF.

Residential & Mixed Use
Developer, arts organization ink lease at new Montclair rental project

An arts organization will occupy the ground floor of a new apartment building in downtown Montclair, as its developer nears the completion of leasing at the 40-unit property.

Office
NAI Mertz: Cybersecurity firm leases 4,600 sq. ft. in Mount Laurel

A cybersecurity firm is set to open its first New Jersey office in Mount Laurel, following a 4,566-square-foot lease brokered by NAI Mertz.

Retail
Ocean County bank building sells for $1.57 million, Marcus & Millichap says

A private investor has sold a 3,000-square-foot bank building in Ocean County, according to brokers with Marcus & Millichap who orchestrated the deal.