Deals

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

Industrial
Sitex Group acquires 640,000 sq. ft. Zuckerberg’s Industrial Park in Saddle Brook

Sitex Group has acquired a 50-building, 640,000-square-foot industrial park in Saddle Brook, marking the first sale of the campus since its development began nearly a century ago.

Office
Insurer, physical therapy practice buy Holmdel office condos, Sheldon Gross says

Two office condominium units in Holmdel have changed hands for a combined $925,000, in a set of deals arranged by Sheldon Gross Realty.

Industrial
BRC: Auto export firm expands to Baltimore, leases 2.7-acre industrial property

An automobile exporter has leased a 2.7-acre industrial property near the Port of Baltimore, in a newly announced deal by Bussel Realty Corp.

Industrial
CBRE: Global Courier Express takes 160,000 sq. ft. at Kearny Point

A shipping and logistics company has leased more than 160,000 square feet across two buildings at Hugo Neu’s Kearny Point Industrial Park, brokers with CBRE announced Friday.

Residential & Mixed Use
Cervelli brokers sale of 17-unit Passaic apartment building

A private investor has purchased a 17-unit apartment building in Passaic, in an off-market deal by Cervelli Real Estate & Property Management.

Office
HVAC contractor signs 2,900 sq. ft. renewal for Hackensack headquarters, C&W says

An HVAC contractor has renewed its nearly 3,000-square-foot lease at a Hackensack office building, according to brokers with Cushman & Wakefield.

Residential & Mixed Use
New 45-unit rental building in Journal Square trades for $18 million, Marcus says

A developer has acquired a newly built, 45-unit apartment building in Jersey City’s Journal Square section for $17.7 million, in a deal arranged by Marcus & Millichap.

Health Care & Education
Pain management practice takes 7,000 sq. ft. in Voorhees, Rose Commercial says

A pain management practice has found a new home after leasing 7,000 square feet of office space in Voorhees, brokers with Rose Commercial Real Estate announced.

Retail
Bergman, Capstone acquire 88,000 sq. ft. Cherry Hill retail center for $16.1 million

Bergman Real Estate Group and Capstone Realty Group USA have acquired a nearly 88,000-square-foot retail property in Cherry Hill for $16.1 million, the firms announced.

Office
Silverman Group sells 18,000 sq. ft. medical office building in Florham Park, C&W says

The Silverman Group has shed another Morris County office building with its sale of an 18,000-square-foot property in Florham Park, in a deal arranged by Cushman & Wakefield.