Deals

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

Deals
NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Industrial
Reusable grocery bag maker takes 11,000 sq. ft. in Somerset, BRC says

A maker of reusable grocery bags has leased 11,000 square feet of warehouse space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Office
Edron Realty sells 45,000 sq. ft. micro-office building in Elizabeth, Gebroe-Hammer says

The longtime owner of a 45,000-square-foot mixed-use building in downtown Elizabeth has sold the property, according to a brokerage team with Gebroe-Hammer Associates.

Office
Zimmel: Logistics firm buys 46,000 sq. ft. Matawan office building as investor-user

A logistics services firm has purchased a 46,000-square-foot office building in Matawan for $7.6 million, in a newly announced deal by Zimmel Associates.

Office
C&W: Consultant, insurance firm combine for 35,000 sq. ft. at 10 Exchange Place

The owner of a waterfront office building in Jersey City has inked a new lease and a renewal, both for nearly 18,000 square feet, in a pair of deals arranged by Cushman & Wakefield.

Office
Avison Young: RWJBH takes 26,000 sq. ft. in New Providence, in one of two new leases

RWJBarnabas Health has signed two new leases that will provide it with additional space in Union and Essex counties, brokers with Avison Young announced Tuesday.

Industrial
Faropoint adds 151,000 sq. ft. Branchburg industrial building for $24 million, C&W says

Investment firm Faropoint has purchased a 151,000-square-foot industrial building in Branchburg for nearly $24 million, in a deal arranged by Cushman & Wakefield.

Deals
Weichert, Weiss complete sale of 3,600 sq. ft. Fort Lee synagogue building

The Fort Lee Jewish Community Center has completed the sale of a synagogue property in the borough, according to brokers with Weichert Realty and Weiss Realty.

Residential & Mixed Use
Cervelli: Three-building, 36-unit rental property in Jersey City trades for $4.9 million

A longtime owner has sold a three-building, 36-unit apartment property in Jersey City for $4.9 million, in a newly announced deal by Cervelli Real Estate.

Retail
CBRE touts completion of 60 net-lease deals in 2022 by Mid-Atlantic team

Demand for net-leased investment properties is holding strong in the region, despite climbing interest rates, following a healthy year by a CBRE brokerage team focused on the asset class.