Deals

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

Residential & Mixed Use
Investor buys 58-unit East Orange rental building for $8 million, ICON says

The longtime owner of a 58-unit apartment building in East Orange has sold it for nearly $8 million, in a newly announced deal by ICON Real Estate Advisors.

Retail
Wolf Fitness opens new 20,000 sq. ft. location in Sewell, Goldstein Group says

A gym franchise has expanded in Gloucester County as part of a recent 20,000-square-foot deal arranged by The Goldstein Group and Metro Commercial.

Retail
LMC: D1 Training studio inks 4,500 sq. ft. lease at Bridgewater shopping center

A national fitness concept has taken 4,500 square feet at the Somerset Shopping Center in Bridgewater, in a newly announced deal by Levin Management Corp.

Retail
Café plans first location with new 2,200 sq. ft. lease in Ringwood, Azarian says

A new café is opening in Ringwood after leasing nearly 2,200 square feet at the Fieldstone Park Shopping Center, according to a leasing team with Azarian Realty Co.

Office
Accordia inks 76,000 sq. ft. in leasing activity at Elmwood Park, Fairfield office buildings

Accordia is touting a flurry of leasing activity at two office buildings in northern New Jersey, including a notable extension with a manufacturer of factory automation equipment.

Residential & Mixed Use
JLL: Landmark eyes ‘next generation’ of apartment assets with $35 million deal in Piscataway

Landmark Cos. has taken a key step toward modernizing its portfolio with its recent acquisition of a 110-unit luxury apartment property in Piscataway, brokers with JLL announced.

Industrial
BRC: Industrial users ink deals in Linden, Kearny as small-bay and IOS demand continues

A global freight forwarding and logistics firm has signed a 20,000-square-foot industrial lease in Linden, in one of several recent transactions by Bussel Realty Corp.

Residential & Mixed Use
P3 buys 147-unit Passaic rental property in $49 million deal with Birch Group, C&W says

P3 Properties has made a major acquisition in Passaic, adding a 147-unit multifamily property with further development potential in a deal arranged by Cushman & Wakefield.

Retail
CBRE: Hoboken retail property, would-be development site, trades for $8.2 million

A developer is eyeing plans for a new mixed-use project in Hoboken after acquiring a downtown retail property for more than $8 million, brokers with CBRE announced Monday.

Retail
Columbia Bank debuts in Rutherford with 2,300 sq. ft. lease arranged by Goldstein Group

Columbia Bank has opened a new branch in downtown Rutherford, where it occupies some 2,300 square feet that it secured with the help of The Goldstein Group.