Deals

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

Industrial
Hartz sells 567,000 sq. ft. Wayne industrial complex to Ares for $138.5 million

Hartz Mountain Industries has sold a nearly 570,000-square-foot industrial complex in Wayne to an affiliate of Ares Management, in a recent deal valued at more than $138 million.

Residential & Mixed Use
Two-building, 36-unit Rahway apartment portfolio sells for $8 million, Berkadia says

A private partnership has sold a two-building, 36-unit apartment portfolio in downtown Rahway for $8 million, in a recent deal by Berkadia’s New Jersey office.

Industrial
Food-focused investor buys Vineland facility in $23 million sale-leaseback

An investor has acquired a food production and distribution facility in Vineland for nearly $23 million, marking its second such deal in southern New Jersey in less than a year.

Industrial
Outdoor storage investor adds eight-acre site in Edison, marking its first New Jersey deal

A national investor has made its entrance to New Jersey with the purchase of an eight-acre construction yard in Edison, according to brokers with NAI James E. Hanson.

Office
NJCC leases 24,000 sq. ft. in New Brunswick for new headquarters, C&W says

Cushman & Wakefield has negotiated a 24,259-square-foot lease in New Brunswick for New Jersey Community Capital, the state’s largest community development financial institution.

Retail
BRC: Tractor Supply Co. renews for 25,000 sq. ft. at Flanders retail center

An outdoor lifestyle retailer has renewed its 25,000-square-foot lease at a Morris County shopping center, brokers with Bussel Realty Corp. announced Monday.

Office
Biopharma firm sells 500,000 sq. ft. Newark office building, parking garage for $49 million

A biopharmaceutical company has sold the site of its headquarters in Newark, a well-known office tower spanning nearly 500,000 square feet, in a deal valued at more than $49 million.

Residential & Mixed Use
Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.

Industrial
Avison Young touts sale of ex-manufacturing site in East Rutherford to Deugen

Avison Young has announced the sale of a onetime manufacturing site in East Rutherford that will soon become a new warehouse facility built by Deugen Development.

Office
Five-building, 184,000 sq. ft. Cherry Hill office portfolio sells for $21.4 million, Marcus says

A private investor has purchased a nearly 184,000-square-foot office campus in Cherry Hill for $21.4 million, in a newly announced deal by Marcus & Millichap.