M id A tlantic Real Estate Journal — New Jersey — March 2024 — 1B
www.marej.com
3.24
Cushman & Wakefield’s Tri-State Capital Markets closed in excess of $2.4 billion of oce, industrial, retail, land and multifamily transactions in the past 12 months. RECENT SUCCESSES & NEW DEALS
MARKETING
MONTVILLE INDUSTRIAL PARK Pine Brook, NJ 445,078 SF
THE PLAZA AT HARMON MEADOW Secaucus, NJ 219,465 SF
FARRELL COMMUNITIES Hudson Valley, NY / Fairfield, CT 190 Units
Four building portfolio of new construction luxury apartment communities. 2021 average building age with no near term capex needs and ideal unit mix.
7 shallow-bay industrial buildings on 31 acres at the convergence of I-80 and I-280. 97% leased
98% leased mixed-use lifestyle center <5 miles from Manhattan. 80% national retail brands + one of the
to 48 tenants with average rent 31% below market.
top performing movie theaters nationwide.
SOLD
299 MURRAY HILL PARKWAY Rutherford, NJ 101,730 SF
61 SOUTH PARAMUS ROAD Paramus, NJ 287,704 SF 96% leased oce with 18 tenants. Average rent of $32 PSF and 4.9 Year WALT with best-in- market amenities and $4.5M in renovations completed 2023.
PRINCETON NURSERIES Princeton, NJ 271 Acres
Short-term sale leaseback 65% below market rent on 3.7 acres in the Meadowlands
950 residential units, 220,000 sf retail, 400,000 sf oce and research,
125+ hotel keys, 1,800,000 sf of non-residential development
CAPITAL MARKETS GROUP
ANDREW MERIN andrew.merin@cushwake.com DAVID BERNHAUT david.bernhaut@cushwake.com GARY GABRIEL gary.gabriel@cushwake.com NIKO NICOLAOU niko.nicolaou@cushwake.com KYLE SCHMIDT kyle.schmidt@cushwake.com FRANK DITOMMASO frank.ditommaso@cushwake.com ANDREW SCHWARTZ andrew.schwartz@cushwake.com DAVID OROPEZA david.oropeza@cushwake.com
DAVID JARVIS david.m.jarvis@cushwake.com JUSTIN LUPO justin.lupo@cushwake.com RYAN DOWD ryan.dowd@cushwake.com RYAN LARKIN ryan.larkin@cushwake.com SETH ZUIDEMA seth.zuidema@cushwake.com BILL BAUNACH bill.baunach@cushwake.com MAX HELFMAN max.helfman@cushwake.com JORDAN SOBEL jordan.sobel@cushwake.com
ANDRÉ BALTHAZARD andre.balthazard@cushwake.com PETER WELCH peter.welch@cushwake.com WILL GERLIN william.gerlin@cushwake.com JEAN-PIERRE HOHL jeanpierre.hohl@cushwake.com MAIA SIRABIAN maia.sirabian@cushwake.com MICHAEL GUERRA michael.guerra@cushwake.com SAMANTHA MILLER samantha.a.miller@cushwake.com MORGAN BRECHMAN morgan.brechman@cushwake.com
RYAN KELLY ryan.kelly1@cushwake.com DAN BOTTIGLIERI daniel.bottiglieri@cushwake.com
CUSHMAN & WAKEFIELD, INC. CAPITAL MARKETS GROUP One Meadowlands Plaza, 7th Floor East Rutherford, NJ 07073 T / +1 201 935 4000 E / investment.sales@cushwake.com
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