Deals

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

Office
SJP Properties leases 115K sq. ft. to telecom solutions firm

SJP Properties has inked a new 115,000-square-foot lease with iconectiv, a data infrastructure and messaging solutions firm, at the developer’s Somerset Corporate Center in Bridgewater.

Deals
San Francisco REIT acquires Franklin industrial building

Terreno Realty Corp. has acquired a small industrial property in Franklin for $9.1 million.

Finance & Capital Markets
HFF brokers $147M sale of N.Y. multifamily property

A brokerage team from HFF’s New Jersey office has closed the $147 million sale of a 504-unit apartment community in nearby Rockland County, New York.

Deals
Levin: Two new tenants joining North Brunswick retail center

Sherwin-Williams and Community Dental will be among the newest tenants at a nearly 300,000-square-foot shopping center in North Brunswick, Levin Management said this week.

Deals
HFF arranges $73 million loan for Harrison multifamily project

HFF has secured $73 million in financing for Russo Development’s recently completed, 398-unit multifamily community in Harrison, the real estate services firm said Wednesd

Deals
Cushman & Wakefield arranges sale of South Brunswick industrial building

A fully occupied, 220,000-square-foot industrial building in South Brunswick has changed hands in a sale brokered by Cushman & Wakefield, the firm announced Tuesday.

Deals
Berger Organization grows office portfolio in downtown Newark

The Berger Organization has acquired a 33,000-square-foot building in downtown Newark that it will renovate and market as a sister property to an adjacent office tower, the firm announced.

Deals
Rockefeller lands $70M construction loan for AVE Florham Park

The Rockefeller Group has secured $70 million in financing on behalf of its joint-venture partnership with Korman Communities for the construction of AVE Florham Park, a flexible-stay community in Florham Park.

Deals
Grocery-anchored retail center in Lyndhurst secures new financing

By Real Estate NJ HFF has arranged a $31 million refinancing for Veterans Square, a 136,928-square-foot grocery-anchored retail center in Lyndhurst. HFF represented the borrower, The Hampshire Cos., in securing a fixed-rate loan from Nationwide Real Estate Investments. The four-building…

Deals
HFF brokers sale of Parsippany office building

By Real Estate NJ Mack-Cali Realty Corp. has sold a 100,000-square-foot office building at 600 Parsippany Road in Parsippany, brokerage firm HFF announced. In a news release, HFF said it represented Mack-Cali in the sale to a joint venture of…