Deals

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

Industrial
Ridgecut, Luzern acquire low-coverage 3.4-acre truck repair property in Aberdeen

Real estate investment firm Ridgecut Road has added to its fast-growing portfolio, acquiring a 3.4-acre industrial property in Monmouth County under a joint venture with Luzern Associates.

Industrial
STRO, KRE Group enter Southeast with Florida industrial deals totaling 136,000 sq. ft.

The STRO Cos. and Kushner Real Estate Group have announced two new acquisitions in Florida, adding more than 136,000 square feet to their industrial holdings outside New Jersey.

Retail
Halal smokehouse, H&R Block sign leases at North Brunswick shopping center, LMC says

Two new tenants are coming to a North Brunswick shopping center after leasing a combined 4,750 square feet at the property, agents with Levin Management Corp. announced Tuesday.

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.