Deals

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

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.

Residential & Mixed Use
Essex County apartments to stay affordable after $22M trade

A multifamily owner is set to acquire a 178-unit property in East Orange, as part of a $22 million deal that calls for preserving its status as affordable housing.

Finance & Capital Markets
Avison Young brokers $34M loan for Lehigh Valley project

Brokers in Avison Young’s New Jersey office have arranged more than $34 million in financing for a mixed-use development in Pennsylvania’s Lehigh Valley, the firm announced.

Retail
Highway retail site near Monmouth Mall changes hands, Goldstein says

The Goldstein Group has brokered the sale of an 11,200-square-foot Monmouth County retail site and will serve as leasing agent for the property’s new owner, the firm announced Monday.

Retail
Restaurant moves to Woodbridge retail center

A family-owned Pakistani restaurant has leased 6,800 square feet in Woodbridge after outgrowing its space in a neighboring town, Levin Management Corp. said Friday.

Finance & Capital Markets
Financing allows firm to reposition Totowa industrial site

HFF has brokered a $9.5 million loan to help a developer refinance and complete its redevelopment of a Totowa industrial building, the firm announced Thursday.

Industrial
C&W inks three industrial sales in northern, central N.J.

Five industrial buildings in Newark, Linden and Edison have changed hands in a series of deals arranged by Cushman & Wakefield, the firm said Thursday.