New Jersey
Avanath Capital Expands East Coast Footprint
Avanath Capital Management, LLC acquired two affordable multifamily properties totaling 273 units for $29.36 million. The assets include Menlo Manor… Read more
Volkswagen Re-Ups at 300 Tice in Woodcliff Lakes
Hudson Equities has secured a five-year renewal of Volkswagen Group of America’s 12,000-square-foot space at Hudson’s 300 Tice Boulevard in… Read more
Specialty Pharma HQ Trades to P3 in Bedminster
P3 Properties has purchased Somerset Financial Center in Bedminster, NJ from Related Companies. A Cushman & Wakefield team of Kevin… Read more
Canadian Trio Forms Investment JV for $1B US Industrial Play
WPT Industrial Real Estate Investment Trust, Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Corporation (AIMCo) formed a… Read more
Beverage 3PL Firm Leases Bulk of Edison Warehouse
Gordon Logistics, a 3PL provider serving major wine importers, alcoholic beverage and food wholesalers and distributors, has signed a long-term,… Read more
RED Capital Does $245M in Q2 Deals
RED Capital Group, based in Columbus, OH, closed $245.27 million in transactions during the second quarter of 2018. The firm’s… Read more
B6 Brings Industry Veteran Simon Aboard for NJ Ops
Investment sales brokerage B6 Real Estate Advisors, led by industry veteran Paul Massey, has named David A. Simon (pictured) as… Read more
HFF, Transwestern Arrange Boutique Office Sale in Morristown
HFF and Transwestern arranged the $5-million sale of 62 Elm St., a 20,000-gross-square-foot office building in downtown Morristown, NJ. The… Read more
Addison Warehouse Fully Leased 4 Months After Acquisition
Wholesale supplier JDS Industries has signed a long-term lease on 350 S. Church St. in Addison, IL, and is relocating… Read more
Packaging Facility Checks “All the Boxes” for ComboCap
Avison Young New Jersey has arranged a new 50,000-square-foot lease for ComboCap Inc. at 125 Algonquin Parkway in Whippany, NJ.… Read more
Spirit Bascomb Nabs Hoboken Apts. in “Irreplaceable Location”
Spirit Bascomb Ventures, a partnership between the Bascomb Group and Spirit Investment Partners, has turned to Hoboken, NJ, acquiring Columbus… Read more
Pharma Firm Signs NJ’s Biggest Office Lease of 2018
Pharmaceutical firm Teva has leased 345,000 square feet at P3 Properties’ MCCBLUE, a 541,000-square-foot office complex formerly known as Morris… Read more
Toys ‘R’ Us Retains Raider Hill for 14.5M-SF Portfolio Disposition
Toys ‘R’ Us, Inc.’s subsidiary, Toys”R”Us Property Company I, LLC, retained New York-based Raider Hill Advisors to dispose of roughly… Read more
Paul Massey-Led B6 Signs Up for Sixth Avenue HQ
B6 Real Estate Advisors, the newly-launched investment sales and capital advisory firm led by Paul Massey, has established 1040 Ave.… Read more
SJP Launches Third-Party Development and Construction Management
SJP Properties, headquartered in Parsippany, NJ and New York City, has formed SJP Project Solutions, a division of SJP that… Read more
Parking Garage in Prime Newark Location Changes Hands
Edison Properties has acquired a 357-space garage in Newark from Lincoln Equities Group and Welcome Parking in a $7.65-million deal… Read more
Leasing Specialist Joins CushWake’s NJ Retail Team
Retail leasing specialist Alana Friedman has joined Cushman & Wakefield as a senior associate based in East Rutherford, NJ. With… Read more
Mass Transit Drives Rent Growth in Major US Metros
The national average rent in transit-accessible office buildings was 65% higher than the average market rent in early 2018, according… Read more
Kislak Markets 4-Building Apt. Portfolio in Newark
The Kislak Company has been named the exclusive sales agent for an 81-unit multifamily portfolio in North Newark, NJ. The… Read more