Deals

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

Retail
Krispy Kreme franchisee takes 4,000 sq. ft. in Lakewood, as brand makes long-awaited return to Ocean County

A new Krispy Kreme is coming to Ocean County after a franchisee’s lease at a Route 70 shopping center in Lakewood, brokers with JLL announced last week.

Residential & Mixed Use
Tredway, LIHC launch $20 million update of newly acquired Newark senior housing

An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.

Retail
Brunelli: Fitness Factory expands in Morris County, leases 16,000 sq. ft. in Flanders

Fitness Factory Health Club has found its newest location after leasing more than 16,000 square feet in the Flanders section of Mount Olive, in a newly announced deal by R.J. Brunelli & Co.

Office
Growing life sciences manufacturer leases 5,000 sq. ft. in Springfield, Boniakowski says

A manufacturer in the life sciences industry has taken 5,000 square feet at a Springfield office building, according to a team with The Boniakowski Commercial Real Estate Group.

Industrial
Connors inks 15,000 sq. ft. industrial lease in Elizabeth

An undisclosed business has leased nearly 15,000 square feet at an Elizabeth industrial building, in a deal arranged by The William F Connors Agency.

Industrial
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Industrial
Blau & Berg inks lease extension for two-acre Meadowlands truck terminal

A tenant at a two-acre truck terminal property in Carlstadt has extended its lease, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Residential & Mixed Use
Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Industrial
Seagis inks Exit 12 industrial leases totaling 32,000 sq. ft., BRC says

Seagis Property Group has secured a new tenant for a 26,000-square-foot industrial building in Woodbridge, in one of two newly announced deals by Bussel Realty Corp.