Deals

Ocean County retail site with STS trades for $1.175 million

An unnamed company has paid $1.175 million to acquire a nearly 10,000-square-foot retail site in Manchester, Marcus & Millichap announced Friday.

Finance & Capital Markets

Brokerage team closes $30M in deals since Labor Day

Two New Jersey-based brokers with Marcus & Millichap have kept busy in recent months, executing deals with a total value of more than $30 million threshold since Labor Day.

Residential & Mixed Use

N.Y. firm eyes 2.3M sq. ft. redevelopment of Newark stadium

A developer has closed on its acquisition of the former Newark Bears baseball stadium in the state’s largest city, paving the way for it to redevelop the site into a sprawling mixed-use neighborhood.

Deals

Randolph lot changes hands in NAI Hanson deal

NAI James E. Hanson has brokered the sale of a 1.6-acre lot on Route 10 in Randolph that will become the new home of a landscape and architecture business, the real estate firm said Thursday.

Health Care & Education

Hospital operator sells, leases back East Orange building

The parent company of East Orange General Hospital has sold and leased back a 68,000-square-foot building adjacent to the facility, in a deal arranged by Lee & Associates of New Jersey.

Deals

Media group inks lease at Cherry Hill office building

A newly formed publishing group is among two tenants to lease space at a Cherry Hill office building, according to commercial real estate firm NAI Mertz.

Finance & Capital Markets

Gebroe-Hammer duo brokers more than $300M in sales in 18 months

A team of brokers with Gebroe-Hammer Associates is marking more than $330 million in sales brokered over the past 18 months, a deal volume that includes more than 1,700 units.

Retail

Marcus & Millichap brokers Burlington County retail sale

An 8,110-square-foot retail property in Marlton has changed hands between private investors, in a nearly $1.6 million deal brokered by Marcus & Millichap.