Deals

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

Office
C&W brokers $20M sale of Lyndhurst office building

The owner of a Lyndhurst office building has sold it for $20 million, following its acquisition of the property in 2013 and an effort to bring it to nearly full occupancy.

Industrial
NAI Hanson inks 70K sq. ft. industrial lease in Hackettstown

A warehousing and distribution firm has renewed its lease in Hackettstown amid plans to grow its third-party logistics business, brokers with NAI James E. Hanson said.

Industrial
Pool company commits to Heller-owned space in Edison

A pool installer has leased more than 90,000 square feet of industrial space in Edison, Bussel Realty Corp. announced Wednesday.

Office
Biotech inks new lease at Advance’s Bridgewater campus

A biotechnology firm has expanded its footprint at the New Jersey Center of Excellence, Advance Realty’s sprawling commercial and soon-to-be mixed-use campus in Bridgewater.

Office
CBRE brokers $4.1M sale in downtown Newark

An investor has paid $4.1 million to acquire a 30,000-square-foot commercial building in downtown Newark, brokers with CBRE Group announced Tuesday.

Retail
Levin announces new tenant at Jersey City retail complex

A Popeyes Louisiana Kitchen franchisee is the latest retailer to join a 94,000-square-foot shopping center in the southern end of Jersey City, according to the property’s manager.

Industrial
Furniture seller inks lease at Carteret distribution center

Bob’s Discount Furniture has been identified as the newly signed tenant at a 360,000-square-foot industrial building in Carteret, one of two deals announced recently by developer Prologis.

Residential & Mixed Use
Hackensack apartments change hands for $6.1M

The Kislak Co. Inc. has arranged the $6.1 million sale of a 40-unit garden apartment complex in Hackensack, marking the second-highest per unit price recorded for such a property in the city.

Industrial
Warehouse sale allows beverage maker to relocate, NAI Hanson says

A beverage company is consolidating from two locations into more than 49,000 square feet in South Hackensack, following a deal arranged by NAI James E. Hanson.

Retail
CBRE brokers retail trades totaling $25.5M

Two net leased retail sites in Monmouth and Camden counties have been sold for a total of more than $25 million, in separate deals arranged by brokers with CBRE.