Deals

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

Industrial
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Industrial
Blau & Berg inks lease extension for two-acre Meadowlands truck terminal

A tenant at a two-acre truck terminal property in Carlstadt has extended its lease, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Residential & Mixed Use
Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Industrial
Seagis inks Exit 12 industrial leases totaling 32,000 sq. ft., BRC says

Seagis Property Group has secured a new tenant for a 26,000-square-foot industrial building in Woodbridge, in one of two newly announced deals by Bussel Realty Corp.

Retail
Irgang adds seven tenants to Millville power center, bringing it to near full occupancy

A busy shopping center in Millville is nearing full occupancy after a series of recent leases by Irgang Group, an investment firm that acquired the property in late 2021.

Health Care & Education
Health, wellness practice leases 1,100 sq. ft. in North Brunswick, Fennelly says

A specialty health and wellness practice has taken more than 1,100 square feet at a medical office and retail property in North Brunswick, brokers with Fennelly Associates announced.

Retail
Moorestown Mall adding 13 new shops, restaurants totaling 51,000 sq. ft.

Moorestown Mall has welcomed the township’s first new liquor store in a century, one of several businesses that have opened at the revamped property in recent months.

Residential & Mixed Use
Hampshire sells newly completed, 85-unit luxury rental property in Morristown

The Hampshire Cos. has sold an 85-unit apartment building in Morristown that it unveiled last year at a site near NJ Transit rail service and just west of Interstate 287.

Industrial
C&W: Marcus Partners sells 192,000 sq. ft. Paterson industrial portfolio

Marcus Partners has sold a fully leased, 192,000-square-foot industrial portfolio in Paterson, in a deal arranged by Cushman & Wakefield.