Deals

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

Industrial
Hugo Neu, trucking firm sign deal for Kearny outdoor storage site, BRC says

A trucking company has expanded its footprint in Kearny after leasing a two-acre industrial outdoor storage property, brokers with Bussel Realty Corp. announced.

Industrial
Denholtz, pickleball franchise ink 41,000 sq. ft. lease at new Hamilton flex building

Denholtz Properties has landed a tenant for a new light industrial building in Hamilton, inking a nearly 41,000-square-foot deal with a growing pickleball court franchisee.

Residential & Mixed Use
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million

A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors.

Office
New 17,000 sq. ft. headquarters lease in Clark leads strong Q2 for Signature Acquisitions

A transportation logistics firm has leased more than 17,000 square feet at a Clark office building, the largest among nearly a dozen second-quarter deals completed by Signature Acquisitions.

Retail
Two-building, mixed-use portfolio in Roselle trades for $1.2 million, Zimmel says

A longtime property owner in Roselle has sold two commercial buildings on one of the borough’s main thoroughfares, in a transaction arranged by Zimmel Associates.

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.