Deals

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

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Office
WCRE: Freestanding 5,000 sq. ft. office building trades in Gloucester City

A real estate firm has sold a 5,000-square-foot office building in Gloucester City, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
Thor completes $18.3 million sale-leaseback for 112,000 sq. ft. industrial building in Elizabeth

Thor Equities Group has acquired nearly 112,000 square feet of industrial space in Elizabeth as part of a sale-leaseback valued at $18.3 million.

Office
Deluccia: Somerset County Business Partnership takes 6,200 sq. ft. in downtown Somerville

The Somerset County Business Partnership has found a new home after leasing nearly 6,200 square feet in downtown Somerville, according to a team with Deluccia Commercial Group.

Industrial
CBRE inks sale of 70,000 sq. ft. Conshohocken warehouse for $2.9 million

An investment firm has purchased a 70,000-square-foot industrial property outside Philadelphia for nearly $2.9 million, in a newly announced deal by CBRE.

Office
Iron Ore, investors buy well-known 101,000 sq. ft. office building in West Orange

A group led by Iron Ore Properties LLC has purchased a 101,000-square-foot office building in West Orange, marking the first sale of the asset in more than 50 years.

Office
Cherry Hill office campus adds childcare provider, with new construction on the horizon

A childcare provider is coming to a three-building, 153,000-square-foot office campus in Cherry Hill as part of a project that will add more than 15,000 square feet to the property.

Office
Dental practice acquires 6,000 sq. ft. medical office building in Teaneck, NAI Hanson says

A specialty medical group has sold a 6,000-square-foot office building in downtown Teaneck, brokers with NAI James E. Hanson announced Tuesday.

Residential & Mixed Use
Hudson Atlantic: Pennsylvania rental building fetches $6 million, in first trade in 40 years

The longtime owner of a 57-unit apartment building in southeast Pennsylvania has sold the property for $6 million, in a newly announced deal by Hudson Atlantic Realty.

Retail
Net-leased Vitamin Shoppe property on Route 22 trades for $3.5 million, Marcus says

An investor has acquired the site of a nearly 4,900-square-foot retail building on Route 22 in Union Township, in a newly announced deal by Marcus & Millichap.