Deals

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

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.

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.