Deals

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

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.

Office
New owner plans upgrades at office building after $21.5M sale

RXR Realty has sold a 230,000-square-foot Morristown office building to a Boston-based real estate investment firm, in a $21.5 million deal brokered by HFF.

Industrial
Sitex Group inks 90K sq. ft. lease in Passaic County

A lighting company is growing its footprint with the signing of a new 90,000-square-foot lease in Passaic County with Sitex Group, the property owner said Tuesday.

Retail
Goldstein Group touts nearly 20K sq. ft. in new retail deals

The Goldstein Group has announced more than a half-dozen new leases as part of a recent uptick in New Jersey’s retail real estate market.

Industrial
Team Resources brokers sale of Bergen County warehouse

Team Resources Inc. has announced the sale of a 51,000-square-foot, multitenant industrial building in Moonachie to a Ridgewood-based real estate investor.