M id A tlantic Real Estate Journal — New Jersey — January 2025 — 17A
www.marej.com
N ew J ersey
1.25
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
WESTMAR PLAZA Rochester, NY 138,358 SF Mixed-use center: 89% leased retail with 1.4x potential NOI growth + newly delivered 653
PRINCETON WEST INNOVATION CAMPUS Princeton, NJ 854,421 SF
11 CRAGWOOD ROAD Avenel, NJ 317,500 SF 100% leased 19.57 acre site with 4% annual escalations. Located minutes from I-95/
World-class life sciences/R&D/data center campus on 391 acres with 234,180 SF of development approvals obtained and 3x potential NOI upside.
unit self-storage facility with 4.5x potential NOI growth.
NJ Turnpike Exit 12 and the Port of NY/NJ.
SOLD
THE RIVET 23 & 26 Jersey City, NJ 362 Units
WILLIAMSVILLE PLACE Williamsville, NY 99,872 SF 100% leased grocery- anchored (Aldi) neighborhood center. 68%
LOGAN NORTH PHASE III Logan Township, NJ 83 acres
Two mixed-use properties featuring
I-95/I-295 portfolio with two class-A 2023 construction warehouses (750,012 SF) on 45.9 acres + 36.9 acre approved development site.
high quality unit finishes, 75,000 SF of shared amenity space and 19,552 SF of commercial space.
national tenant roster and 5.8 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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