18C — March 19 - April 15, 2021 — The Best of 2020 — M id A tlantic Real Estate Journal
www.marej.com
The LARGEST LAND SALE of 2020 NAI James E. Hanson 349-369 1st St. Elizabeth, NJ
Cushman & Wakefield The Morrison Parsippany, NJ
D2 Organization Tower Hill Lewes, DE
Andrew Merin Executive Vice Chairman
David Bernhaut Executive Vice Chairman
Size: 8.25 Acres In northern New Jersey’s hyper-competitive industrial real estate market, finding prime last-mile development opportunities is difficult. However, NAI James E. Hanson’s local market knowledge and experience allowed them to identify an opportunity to acquire an 8.25-acre future development site in the heart of the market on behalf of their client, CenterPoint Properties. Negotiated by NAI Hanson’s Christopher Todd, Scott Perkins, SIOR, Russell Verducci, SIOR, and Eric Demmers, the acquisition will allow CenterPoint to expand their footprint in the red-hot northern New Jersey industrial market through the delivery of a Class A industrial facility geared to the needs of modern industrial users.
Size: 134 acres Over a 13-month period, D2 worked with local officials and engineers to design and plan the community of 292 single family homes. D2 coordinated all entitlements sold the approved subdivision to Freeman Homes. D2 also voluntarily spent $350,000 for an archaeological study to search for and preserve any Native American or Colonial artifacts. Although no major artifacts were found. D2 prides itself on going above and beyond local and state requirements when developing a new subdivision. The sale continues D2’s successful investment into Sussex County which includes over 1000 approved lots in one of the hottest residential markets in the country.
Gary Gabriel Vice Chairman
Brian Whitmer Vice Chairman
Kyle Schmidt Managing Director
Size:325 Units/26.7 Acres Brokers: Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt This sale of fully approved multifamily development land is significant as both the marketing as well as due diligence processes occurred during the summer through winter of 2020, following the onset of COVID-19. The site totals 26.7 acres and is located at 100 & 120 Cherry Hill Road in Parsippany. The plans are for a two-building 325 unit multifamily complex, which will include 65 units of affordable housing.
congratulates
our Associates for their Land Transaction Award at 349-399 First Street in Elizabeth, New Jersey
Scott Perkins, sior , ccim
Christopher Todd
Russell Verducci
Eric Demmers
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