Deals

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

Retail
Movie theater’s lease to continue after Madison building sale

A movie theater at a historic Madison building will continue to operate after the recent sale of the property to a development and investment firm, according to a broker involved with the sale.

Finance & Capital Markets
Wilcox closes $16M loan for Hartz acquisition

Hartz Mountain Industries has expanded its out-of-state portfolio, acquiring 12 industrial buildings in Atlanta with nearly $16 million in financing arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Boutique Gold Coast apartment building fetches $3.1M, Marcus & Millichap says

An eight-unit apartment building in North Bergen has a new owner, Marcus & Millichap said Wednesday after brokering the sale of the newly built property.

Retail
Ripco: Italian specialty food chain expands into Morris County

A seller of homemade ravioli and specialty products has opened a new location in Florham Park, following a deal brokered by agents with Ripco Real Estate.

Retail
Jersey Shore retail, apartment property sells for $2.4 million

A mixed-use, 9,560-square-foot property in Manasquan has traded for $2.4 million, Marcus & Millichap said Tuesday.

Office
Bergen County office building trades for $7 million

A private investment firm has acquired a 30,000-square-foot office building in Ramsey, in a $7 million transaction brokered by Brown Commercial Real Estate Services.

Office
NAI Fennelly brokers new deals in Mercer, Middlesex

The owner of six Princeton-area commercial buildings has sold one of the properties for $4.9 million, one of several recent deals announced by NAI Fennelly.

Retail
HFF: 116K sq. ft. shopping center sells for $36 million

A sprawling grocery-anchored shopping center in East Orange has changed hands, following a sale brokered by HFF’s New Jersey office.

Retail
Union County 7-Eleven site fetches $2.5M

A developer has sold a 2,800-square-foot 7-Eleven property at the border of Plainfield and Fanwood for more than $2.5 million, Marcus & Millichap announced Monday.

Retail
Kislak: Family sells Hudson County retail center after 30 years

Investors have paid nearly $10 million for a Bayonne shopping center anchored by a Family Dollar, in a retail investment sale brokered by The Kislak Co. Inc.