Deals

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

Industrial
Accordia acquires two industrial buildings, plans another

More than a decade after its founding, a Fairfield-based real estate firm has entered the industrial market with two recent acquisitions and its plans for a new speculative warehouse project.

Industrial
Brokers tout ‘intense interest’ in Fairfield industrial

An area real estate firm is touting activity in Fairfield, having recently brokered the sales of two industrial buildings and placing a third on the market.

Industrial
Zimmel: Somerset warehouse fetches $6.7M after upgrades

Zimmel Associates has brokered the sale of a Somerset County industrial building for the second time in 10 months, following a series of upgrades by the property’s outgoing owner.

Industrial
NAI Hanson brokers health care deals in Morris County

Two health care and life sciences companies have found new homes in Morris County, following a set of leases brokered by NAI James E. Hanson.

Hospitality & Tourism
Maplewood set to welcome new restaurant, KW Commercial says

A new restaurant that offers early American soul food fused with West African and Caribbean flavor is joining the mix in downtown Maplewood, according to a local brokerage firm.

Residential & Mixed Use
Kislak brokers two-state 1031 exchange totaling $32.5M

An investor has sold a Bergen County office building and acquired another property in Bucks County, Pennsylvania, as part of a recent 1031 exchange brokered by The Kislak Co. Inc.

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.