Deals

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

Residential & Mixed Use
Cervelli: Two-building, 38-unit rental portfolio in Bayonne trades for $6.5 million

A partnership has acquired a two-building, 38-unit apartment portfolio in Bayonne, in a deal arranged by Cervelli Real Estate and Property Management.

Retail
LeFrak bringing new shops, restaurants to Newport after 27,000 sq. ft. in leasing deals

Several new retail and restaurant tenants are coming to LeFrak’s waterfront Newport district in Jersey City after a series of leases dating to last year.

Retail
Health, beauty chain coming to 15,000 sq. ft. former grocery store in Camden, WCRE says

A local operator has acquired a nearly 15,000-square-foot grocery store property in Camden, brokers with Wolf Commercial Real Estate announced Friday.

Residential & Mixed Use
Merion Realty sells 35-unit Hunterdon County rental building, Berkadia says

A multifamily owner has sold a 35-unit apartment building in Hunterdon County for a reported $9.3 million, in a newly announced deal by Berkadia.

Industrial
Fennelly: Bordentown property sold, slated to become 182,000 sq. ft. warehouse

A fraternal organization has sold a vacant 22,000-square-foot building in Bordentown to a developer for more than $4 million, in a newly announced deal by Fennelly Associates.

Retail
Urban Edge acquires new-look 448,000 sq. ft. retail center in Roxbury for $83 million

Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week.

Industrial
Nuts, raisins wholesaler adds 14,000 sq. ft. at Larken industrial park in Hillsborough

A food wholesaler is expanding at a Hillsborough industrial park, adding nearly 14,000 square feet to its existing footprint under a new lease with Larken Associates.

Industrial
CBRE: Wholesaler goes from tenant to owner, acquiring 170,000 sq. ft. Lodi industrial building

A grocery wholesaler is expanding in Lodi with its acquisition of a nearly 170,000-square-foot industrial building that it already occupies, brokers with CBRE announced Tuesday.

Retail
Investor buys 26,000 sq. ft., QuickChek-anchored shopping center in Sayreville for $7.2 million

A private investor has purchased a nearly 26,000-square-foot shopping center in Sayreville for some $7.2 million, in a newly announced deal by Marcus & Millichap.

Retail
Chase adds 3,600 sq. ft. building in Waldwick for new branch location, NAI Hanson says

A new Chase branch is coming to Waldwick after the bank’s acquisition of a 3,600-square-foot retail building in the borough, according to a team with NAI James E. Hanson.