Deals

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

Residential & Mixed Use
Marcus: Eight-unit apartment building in West New York trades for $2.2 million

A private investor has sold an eight-unit apartment building in West New York for nearly $2.2 million, in a newly announced deal by Marcus & Millichap.

Industrial
Investor adds 18,000 sq. ft. Elizabeth industrial building for $3.2 million, BRC says

An investor has paid $3.2 million for more than 18,000 square feet of industrial space in Elizabeth, in a transaction arranged by Bussel Realty Corp.

Residential & Mixed Use
Two-building, 408-unit rental portfolio in Jersey City trades for $222 million, CBRE says

A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.

Office
JLL: Brother International signs 83,000 sq. ft. lease extension in Bridgewater, works with landlord on new shared amenity spaces

Brother International Corp. has signed a nearly 83,000-square-foot lease extension for its headquarters in Bridgewater, brokers with JLL said, in a deal that comes as part of a plan to right-size its space while allowing its landlord to update the building’s amenities.

Office
Grid: Three tenants combine for 26,000 sq. ft. at loft-style flex building in Jersey City

A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.

Office
LeFrak, Fidelity Investments ink 185,000 sq. ft. lease renewal at Jersey City office tower

LeFrak has signed a nearly 185,000-square-foot lease renewal with Fidelity Investments, a longtime tenant at one of the developer’s Jersey City office towers.

Industrial
Office furniture installer inks 214,000 sq. ft. industrial lease in Elizabeth

A commercial furniture installer has taken nearly 214,000 square feet at an Elizabeth industrial building, brokers with The Blau & Berg Co. announced last week.

Retail
Restaurant group buys 14,000 sq. ft. Glassboro property, Vantage Commercial says

A regional restaurant operator has acquired a 14,000-square-foot commercial building in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
CBRE: Middletown retail center fully leased after tile company takes 2,000 sq. ft.

A flooring company has leased nearly 2,000 square feet at a recently updated shopping center in Middletown, in a newly announced deal by CBRE.

Industrial
Devli adds 176,000 sq. ft. distribution center in Connecticut

Devli Real Estate has added to its portfolio in the region with the acquisition of a 176,000-square-foot industrial building outside New Haven, Connecticut.