Deals and Moves: Nov. 29

November 29. 2012 8:18AM


Magnetic technology acquisition, headquarters sale, office lease.

North

Electronics manufacturer Bel Fuse Inc., in Jersey City, today announced it has agreed to acquire the magnetic technology business unit of Switzerland-based TE Connectivity Ltd. for $22.4 million cash to expand its product portfolio.

The Parsippany office of commercial real estate financial firm NorthMarq Capital announced Wednesday it has brokered the sale of the 32,000-square-foot North American headquarters of Reckitt Benckiser’s French’s Mustard subsidiary, in Chester Township, for $10 million, and arranged a five-year, $5.5 million loan for the buyer.

Central

Commercial real estate services firm CBRE Group Inc. announced Wednesday business services provider Atrium Executive Center has signed a long-term lease for 25,330 square feet of space in a 400,000-square-foot class A office building in East Brunswick.


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