Deals

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

Retail
Edison shopping center with grocery anchor space sold for $24 million, Goldstein Group says

The site of a 120,000-square-foot shopping center in Edison has changed hands for $24 million, in a newly announced deal by The Goldstein Group.

Retail
Urban Edge, TruGolf ink 6,000 sq. ft. deal for new golf simulator, restaurant in Cherry Hill

Urban Edge Properties has signed a deal that will bring an indoor golf simulator and high-end restaurant concept to a grocery-anchored retail center in Cherry Hill.

Retail
Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says

A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday.

Health Care
Health care practice buys 14,000 sq. ft. medical office complex in West Orange, Newmark says

A regional medical practice has acquired a nearly 14,000-square-foot medical office complex in West Orange for $2 million, in a newly announced deal by Newmark Associates CRE.

Retail
Institutional buyer adds Bucks County retail property in $12 million deal, CBRE says

An investment firm has acquired a 25,000-square-foot retail property about 15 miles west of New Jersey, in Pennsylvania’s Bucks County, under a deal arranged by CBRE.

Retail
Investor buys 68,000 sq. ft. Wayne retail property in one of two Goldstein Group sales

An investment group has sold 68,000 square feet of highway retail space in Wayne, in one of two newly announced deals by The Goldstein Group.

Office
Boutique medical office building in Jersey City trades for $7.4 million, C&W says

An investment group has acquired a more than 28,000-square-foot medical office building in Jersey City for $7.43 million, in a newly announced deal by Cushman & Wakefield.

Office
RRNNJ inks 9,000 sq. ft. in new office leases in Somerset, Morris counties

An engineering firm has leased nearly 5,800 square feet of office space in Somerset County, in one of three newly announced deals by Resource Realty of Northern New Jersey.

Residential & Mixed Use
Reynolds adds to Cleveland portfolio, acquires 119 new units for $31 million

Reynolds Asset Management has made two more acquisitions outside New Jersey, adding a combined 119 newly built apartments in Ohio as part of an ongoing joint venture.

Industrial
BRC inks 12,000 sq. ft. industrial deal in Newark’s South Ironbound

An industrial user has leased 12,000 square feet across two spaces in Newark’s South Ironbound neighborhood, in a newly announced deal by Bussel Realty Corp.