M id A tlantic Real Estate Journal — New Jersey — August 2024 — 7
www.marej.com
N ew J ersey
8.24
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 HOBOKEN COLLECTION Hoboken, NJ 132,700 SF
SOUTH BRUNSWICK DEVELOPMENT SITE South Brunswick, NJ 531-Acre Able to support 1MSF+ in industrial, multi- family, and mixed use development. Within 5 miles of Exit 8A,
2401 LOCUST STREET Philadelphia, PA 46,319 SF 4-story boutique telco hotel, anchored by Verizon. 86% occupied with $41.78 average rent. 32% NOI
100% leased retail portfolio in Hoboken’s upscale residential communities, Maxwell Place & Hudson
Tea. Below market rents with 24% rent increase and 29% NOI growth over 10 year hold.
growth potential over 10 year hold.
I95, and minutes from Princeton.
SOLD
AVALON, DARIEN Darien, CT 189 Units
MONTVILLE INDUSTRIAL PARK Montville, NJ 31 Acres 445,078 SF multi- tenant industrial park along Route 46. 99%
PARAMUS PLAZA 545 Route 17 South, Paramus, NJ 153,494 SF +13 acre retail center with frontage along Route 17. Anchored by Hobby Lobby,
Exceptional, stabilized Class A multifamily opportunity in a highly desirable, well-located community. Renovated in 2019 and features oversized units, attached
occupied across 7 buildings with 52 tenants and <2.9- year WALT.
supported by Chipotle and Marshalls with a 7.6 year WALT
garages, and a full suite of amenities
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 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 SAMANTHA MILLER samantha.a.miller@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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