M id A tlantic Real Estate Journal — New Jersey —September 2025 — 29
www.marej.com
N ew J ersey
9.25
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 IDEAL Queens, NY 623,879 SF
2 & 4 WESTCHESTER PARK DRIVE White Plains, NY 219,442 SF Two-building medical office park, 83% leased to 30+ tenants including NYU Langone, with $35MM on-site ASC investment,
OLD NICHOLS COMMERCE CENTER Islandia, NY 178,239 SF Newly delivered Class A warehouse on 11.9 acres with 36’ clear heights, 32 dock doors, 229 car parks, 31 trailer drops, and ±1,000’ frontage on I-495 in Suffolk County. FOX RUN & NORTH POINTE Clifton Park, NY 666 Units Two-property garden- style portfolio on 53 acres featuring full amenity packages and value-add upside in a supply-constrained Albany submarket
Interconnected class A industrial with $10.3MM in upgrades, 98% leased to 20 tenants, 13 docks, 5 freight elevators, and +22% NOI growth in a supply-constrained submarket.
±30% below-market rents offering $1.5MM NOI upside.
SOLD
CENTER @ PURCHASE Purchase, NY 686,561 75% leased Class-A office campus with $1.78M in upgrades and strong leasing momentum, located near
333 NORTH STREET Teterboro, NJ 221,448 SF 100% leased industrial facility on 8.39 acres with 22’ clear heights, 26 dock doors, 95 car parks, and direct
major mixed-use development on Westchester’s Platinum Mile.
access to I-80. 3.4 year WALT with annual rent escalations.
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
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 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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