14A — February 8 - 21, 2019 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal Rugby Realty Co. sells 5.67-acre development site in Lyndhurst for $8 million Didio joins CBRE’S Capital Markets Debt & Structured Finance Group as vice president
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dio spent four years in an underwriting/origination role with Freddie Mac Multifamily in New York and four years with Black Bear Asset Man- agement, a Manhattan-based private equity firm. At Black Bear Asset Management, he specialized in sourcing, un- derwriting, structuring and financing commercial real estate transactions nation- ally. During the course of his career, Didio has executed many major transactions to- taling more than $1.5 billion in volume throughout the United States, with a strong
focus on the New Jersey/New York Tri-State area. “Tom adds a new dimen- sion to our highly successful Debt and Structured Finance team,” said Jeff Hipschman , senior managing director, CBRE. “We look forward to his contributions as we con- tinue to expand our service offering in the New Jersey market.” With specific experience in office, industrial, multifam- ily, hotel and retail property financing, CBRE’s Capital Markets Debt & Structured Finance group consistently delivers optimal financing regardless of asset type. In 2018, the team closed approxi- mately $46 billion in loan originations and loan sales. Didio earned a Bachelor of Arts in Economics from Tufts University and a pro- fessional certificate in real estate finance fromNew York University. In other CBRE news, the company announced the $8 million sale of a develop- ment site at 1290 Wall St. in Lyndhurst, NJ, to Gramercy Property Trust Blackstone Group . Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE Capital Markets’ Institutional Properties team and CBRE National Partners, along with CBRE vice chairman Thomas Monahan , negoti- ated the transaction on behalf of the seller, Rugby Realty Company . The 5.67-acres of land can accommodate 85,400 s/f of class A warehouse/distribu- tion space. Located in one of the premier gateway markets in the United States, 1290 Wall St. provides direct ac- cess to the largest and most concentrated consumer and business base in the coun- try, with its vast logistical infrastructure, including a network of interstate high- ways, deep-water cargo ports, intermodal terminals and air freight capabilities. “This transaction is a reflec- tion of the continued interest investors have expressed in Northern New Jersey and, more specifically, the thriving Meadowlands submarket,” said Fiumara, executive vice president, CBRE. “We an- ticipate even more activity in this region over the course of 2019.”
ADDLE BROOK, NJ — Thomas Didio , a veteran of the com-
mercial real e s t a t e i n - d u s t r y , has joined C B R E ’ s Capital Mar- kets Debt & Structured F i n a n c e g r oup . An
Thomas Didio
expert in structuring and financing commercial real estate transactions. Didio will serve as vice president. Prior to joining CBRE, Di-
1290 Wall St.
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