Deals

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

Finance & Capital Markets
Eastern Union secures $52M financing for rental acquisition

A rental community in Gloucester County has a new owner, following a $52.3 million financing deal orchestrated by Eastern Union Funding.

Office
Fort Lee office building near full occupancy after recent deals

A series of leases, renewals and expansions have accounted for more than 33,000 square feet of tenant activity at a 215,000-square-foot office building in Fort Lee, the property’s manager said.

Industrial
NAI Hanson brokers 97K sq. ft. industrial sale

Brokers with NAI James E. Hanson have arranged the sale of a 96,500-square-foot industrial building about 20 miles over New Jersey’s northern border, the firm said Thursday.

Deals
C&W: Highly trafficked North Jersey retail center trades for $19 million

A grocery-anchored shopping center just ahead of the Lincoln Tunnel has a new owner, following a $19 million investment sale brokered by Cushman & Wakefield.

Residential & Mixed Use
Marcus & Millichap brokers Hudson County apartment sale

A seven-unit apartment property in Union City has changed hands for just over $1 million, with Marcus & Millichap representing both parties in the deal.

Residential & Mixed Use
Teaneck multifamily sale nets $1 million

Marcus & Millichap has brokered the sale of an eight-unit apartment property in Teaneck for just over $1 million, the firm said Tuesday.

Industrial
Tulfra, Hampshire sell repositioned industrial building for $12M

A joint venture has sold a Springfield industrial building for $12 million, nearly a decade after acquiring the property and embarking on a series of upgrades that attracted new tenants.

Retail
Somerset retail center inks lease with T-Mobile

T-Mobile has leased 2,000 square feet at a Somerset County shopping center, Levin Management Corp. said Tuesday.

Industrial
NAI Hanson: Tenant’s growth drives 9K sq. ft. industrial lease

A piping contractor has leased more than 9,000 square feet at a Waldwick industrial building, with NAI James E. Hanson serving as the broker for the property’s owner.

Industrial
Bussel brokers 50K sq. ft. lease at Millburn warehouse

A spice distributor has leased more than 50,000 square feet at a Millburn industrial building, in a deal arranged by Bussel Realty Corp.