M id A tlantic Real Estate Journal — New Jersey — March 2025 — 17A
www.marej.com
N ew J ersey
3.25
Cushman & Wakefield’s Tri-State Capital Markets closed in excess of $2.4 billion of office, industrial, retail, land and multifamily transactions in the past 12 months. RECENT SUCCESSES & NEW DEALS
MARKETING
THE CENTRE AT PURCHASE Purchase, NY 686,561 SF
ONE GLOVER Norwalk, CT 132 Units
KELLY LOGISTICS PARK NORTH Carneys Point, NJ 232 Acres 2.05 MSF master-planned industrial park located with immediate access to I-295 Exit 4 and NJ- Tpke Exit 1A.
Value-add repositioning through a light unit renovation with in- place rents being 15-20% below direct competition.
Class-A office campus sitting on 42.6 acres in the heart of Westchester, NY. Best-in class amenities,
flexible floorplates, and scenic grounds. 75% leased to 36 tenants.
The project will consist of 4 Class-A buildings within a Federal Opportunity Zone.
Located at the epicenter of the North 7 corridor.
SOLD
340 MOUNT KEMBLE AVENUE Morristown, NJ 439,059 SF
MIDDLEBROOK CROSSROADS Bridgewater, NJ 580,227 RSF 18-building industrial park on 38.63 acres. 95% occupied to 26 diverse tenants with a 2.6-year WALT. 42% mark-to-market opportunity.
1 GORHAM ISLAND ROAD Westport, CT 40,897 SF
Trophy office property in the heart of Downtown Westport. Recently
Fully renovated, trophy class office building. 94.5% leased to investment grade tenants with a 12.25- year WALT.
underwent $2.1 million in capital improvements. Fully leased to three tenants with a 4.3- year WALT.
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 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 JEAN-PIERRE HOHL jeanpierre.hohl@cushwake.com MAIA SIRABIAN maia.sirabian@cushwake.com MICHAEL GUERRA michael.guerra@cushwake.com DANIEL MASSRY daniel.massry@cushwake.com DAVID BETESH david.betesh@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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