Deals

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

Retail
Mixed-use building in Bergen County trades for $2.6 million

A private investor has sold a 13,500-square-foot retail and office building in Westwood, in a nearly $2.6 million sale brokered by Marcus & Millichap.

Industrial
Upgrades planned at Monmouth industrial park after $7.5 million trade, Bussel says

A nine-building, 165,000-square-foot industrial park in Monmouth County has changed hands for $7.5 million, following a sale brokered by Bussel Realty Corp.

Industrial
NAI Hanson: Event manager takes 130K sq. ft. at Lackawanna Center

An event management company is relocating to Lackawanna Center in Jersey City, leasing more than 130,000 square feet at the repurposed railroad warehousing and distribution building.

Residential & Mixed Use
Upper Montclair properties fetch $3.25 million

A private investor has sold two neighboring mixed-use properties in Montclair for a combined $3.25 million, according to brokers with Marcus & Millichap.

Office
Pharma tenant expands, inks 18,000 sq. ft. lease at Bridgewater campus

A pharmaceutical firm has more than tripled its footprint at a sprawling life sciences campus in Bridgewater, where it has signed a new lease for 18,072 square feet.

Retail
Gebroe-Hammer: Retail sales in Middlesex, Somerset total nearly $19 million

Two community shopping centers in central New Jersey have traded for a combined $18.6 million, in separate deals brokered by Gebroe-Hammer Associates.

Industrial
NAI Hanson: Two hair care distribution firms lease new space in Teterboro

Two industrial tenants serving the hair care industry are moving within Bergen County, following a pair of leases negotiated by NAI James E. Hanson.

Retail
Net-leased bank site in Essex County trades for $5 million

A developer has sold a 4,200-square-foot net-leased bank property in Cedar Grove as part of a $5 million deal brokered by Marcus & Millichap’s northern New Jersey office.

Industrial
Stro Cos. touts 210K sq. ft. in flex, industrial acquisitions

The Stro Cos. has started the year by growing its industrial portfolio in northern and central New Jersey, acquiring five buildings spanning more than 200,000 square feet.

Residential & Mixed Use
C&W brokers sale of 68-unit apartment portfolio in Newark

The longtime owner of two Newark apartment buildings has sold them for $4.8 million, in a 68-unit trade brokered by Cushman & Wakefield’s Metropolitan Area Capital Markets Group.