Deals

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

Residential & Mixed Use
Investors pay $23.5M for Morris County apartments

A 106-unit, age-restricted rental community in Mount Arlington has changed hands for more than $23 million, following an investment sale brokered by Gebroe-Hammer Associates.

Retail
Wine and spirits store fills ex-Pathmark space in Clifton

A new ShopRite Wines and Spirits store will fill the space of a former Pathmark in Clifton, according to the firms involved in the 34,000-square-foot deal.

Health Care & Education
WCRE brokers medical office lease in Camden County

A women’s medical practice has leased more than 16,000 square feet at a medical office campus in Voorhees, Wolf Commercial Real Estate said.

Office
C&W: Normandy building in Hackensack had strong 2016

New leases and expansions by existing tenants have fueled more than 50,000 square feet in recent deals at a Hackensack office building, brokers with Cushman & Wakefield said.

Retail
Zoltek brokers retail leases in downtown Passaic

An educational service and a staffing agency have leased retail space at the base of a newly renovated apartment building in downtown Passaic, the property’s broker said.

Industrial
Cosmetics, perfume distributor buys Eatontown flex building for $5.5 million

A cosmetics and perfumes distributor will relocate within central New Jersey after acquiring a 75,000-square-foot flex building in Eatontown, according to the broker in the deal.

Industrial
Investor plans major upgrades at warehouse after $19M acquisition

A private investor has paid nearly $19 million for a North Brunswick warehouse, where it plans to nearly double the building’s clear height as part of a major capital improvement.

Residential & Mixed Use
Kislak brokers $21M in apartment sales in Passaic, Morris

Five apartment properties in northern New Jersey have traded for a total value of more than $21 million, under a 1031 exchange brokered by The Kislak Co. Inc.

Residential & Mixed Use
Developers buy Hackensack site for redevelopment, Alexander Anderson says

Developers plan to convert an office building in downtown Hackensack into 90 luxury apartments after acquiring the property for $2.5 million, according to brokers in the deal.

Industrial
Mertz brokers sale-leaseback in Gloucester County industrial park

A real estate firm’s subsidiary has sold and leased back a 55,000-square-foot industrial building in the Pureland Industrial Complex in Swedesboro, in a deal brokered by NAI Mertz.