Deals

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

Residential & Mixed Use
Gebroe-Hammer: 72-unit Jersey City portfolio fetches $7.75M

A three-building multifamily portfolio in southern Jersey City has changed hands, in a nearly $8 million deal brokered by Gebroe-Hammer Associates.

Office
HFF brokers sale of Parsippany office building

Lincoln Property Co. has acquired a 114,000-square-foot office property in Parsippany, in a deal brokered by HFF’s New Jersey office.

Residential & Mixed Use
Gebroe-Hammer: 106-unit rental property fetches $10.5M

An investor has acquired three apartment properties in Elizabeth as part of a $10.5 million portfolio sale arranged by Gebroe-Hammer Associates, the brokerage firm said Monday.

Industrial
South Jersey industrial building lands 92K sq. ft. tenant, Bussel says

A warehouse and storage firm has leased 92,000 square feet at a Burlington County industrial building, according to brokers with Bussel Realty Corp.

Retail
Grocery-anchored retail center in Morris County fetches $51 million

A real estate investment trust has acquired the only grocery-anchored shopping center in Pompton Plains, in a $51 million deal brokered by HFF’s New Jersey office.

Residential & Mixed Use
Union County apartment sales total $15.4M

Nearly 130 apartments in Union County have changed hands for a total of more than $15 million under two separate transactions brokered recently by The Kislak Co. Inc.

Office
Health care tenant leases more than 3,300 sq. ft. in Cherry Hill, Mertz says

The owner of a Cherry Hill office building has landed its third new tenant in the past six months with the signing of a 3,310-square-foot lease, according to brokers with NAI Mertz.

Office
KBS touts 30K sq. ft. in renewals, new deals at Woodbridge office campus

By Joshua Burd KBS Realty Advisors has signed leases totaling nearly 30,000 square feet at its six-building, 632,000-square-foot office campus along Route 1 in Woodbridge, the company announced. The deals at Woodbridge Corporate Plaza include a 4,055-square-foot renewal with Biocon…

Retail
LMC: Wireless carrier inks lease at Mercer shopping center

T-Mobile has leased 2,600 square feet at a 175,400-square-foot shopping center in Hamilton, according to brokers with Levin Management Corp.

Industrial
CBRE: Hartz tenant expands in Secaucus

Hartz Mountain Industries has leased more than 200,000 square feet in Secaucus to an audiovisual and media services company, one of three recent deals announced by CBRE Group.