Deals

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

Deals
KenKap: Route 46 office, restaurant properties in Parsippany trade for $4.2 million

A local investor has purchased the site of an office building and an adjacent restaurant property in Parsippany for $4.2 million, in a transaction arranged by KenKap Realty Corp.

Residential & Mixed Use
Apartment owner sells 30-unit Bound Brook property for $4.9 million, Berkadia says

The longtime owner of a 30-unit garden apartment complex in Bound Brook has sold the property for nearly $5 million, in a recent deal by Berkadia’s New Jersey team.

Retail
Urban Edge, Ashley Furniture sign 24,000 sq. ft. lease at Union Twp. retail center

Urban Edge Properties has filled a vacant big-box retail space in Union Township, where it has leased more than 24,000 square feet to Ashley Furniture.

Retail
Jiu-jitsu school takes 3,000 sq. ft. in Teaneck, Cervelli says

A new martial arts school is coming to Teaneck after signing a 3,000-square-foot lease in the Bergen County township, according to brokers with Cervelli Real Estate.

Health Care & Education
Historic Newark church sold for $2.5 million, slated to become charter school

A charter school has purchased a historic church building and two adjoining structures in Newark for $2.5 million, in a deal arranged by Coldwell Banker Realty.

Industrial
Turnbridge, Long Wharf sell Newark logistics complex for $128 million

Turnbridge Equities and Long Wharf Capital have sold a three-building, 738,000-square-foot industrial complex in Newark for nearly $128 million, the firms announced Tuesday.

Office
Metal supplier inks 7,000 sq. ft. office lease in Somerville, Deluccia says

A global supplier of ores, metals and alloys has taken more than 7,000 square feet at an office building in downtown Somerville, according to the Deluccia Commercial Group.

Office
Newmark inks new leases, renewal at Bloomfield office park totaling 40,000 sq. ft.

A maker of high-end fitness equipment has leased more than 15,000 square feet of office space in Bloomfield, in one of several newly announced deals by Newmark.

Residential & Mixed Use
Jersey City building with 18 apartments, commercial spaces trades for $4.3 million

A private investor has sold an 18-unit apartment building in Jersey City for nearly $4.3 million, brokers with Marcus & Millichap announced last week.

Office
JLL: Parsippany office building sells for $88 million, in latest trade of 400,000 sq. ft. property

Signature Acquisitions has added to its suburban office portfolio in New Jersey with its purchase of a well-known, 400,000-square-foot property in Parsippany for $88 million.