Deals

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

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.

Retail
Pierson: Four new tenants join Mercer County development

Pierson Commercial has brokered leases for four new retailers at the mixed-use development known as Downtown Robbinsville, the retail real estate services firm said Monday.

Industrial
Snack maker is latest tenant to move to N.J. from NYC, Bussel says

A snack manufacturer is relocating to Edison from Brooklyn after acquiring a 35,316-square-foot industrial property in the township, Bussel Realty Corp. said Monday.

Retail
Monmouth County strip center sold for $9.2M

An investor has paid more than $9 million to acquire a Hazlet shopping center, part of a recent 1031 exchange transaction brokered by Marcus & Millichap.

Finance & Capital Markets
Wilcox secures $13.5M refi for Sussex County retail center

G.S. Wilcox & Co. has arranged the refinancing of a grocery-anchored, 140,000-square-foot shopping center in Sussex County for $13.5 million, the firm announced.

Office
Colliers: New deals boost occupancy at Route 46 office building

Colliers International Group has brokered a series of leases at a Fairfield office building, securing more than 35,000 square feet of commitments to raise occupancy by 22 percent.

Industrial
NAI Hanson brokers lease for stone maker in Essex County

A stone fabricator is relocating to a flex building in Fairfield, following a 33,000-square-foot deal brokered by NAI James E. Hanson.