M id A tlantic Real Estate Journal — New Jersey — May 2023 — 1B
www.marej.com
5.23
Cushman & Wakefield’s Metropolitan Area Capital Markets closed in excess of $4.8 billion of office, industrial, retail, land and multifamily transactions in the past 12 months. RECENT SUCCESSES & NEW DEALS
SOLD
500 MAMARONECK AVE Harrison, NY 297,527 SF
HARBORSIDE CENTER Jersey City, NJ 2,010,201 SF
MCKINLEY MILESTRIP CENTER Hamburg, NY 240,499 SF
Record-setting transaction of
91% leased to 31 tenants and a WALT of 4.3 years
Mark-to-market potential leading to 20% NOI growth over 4 years, 91%
Harborside 1, 2, & 3 as the largest office deal in North America in 2023 and largest
Occupied, 18 tenants, 4.5 year WALT
multi-tenanted office sale in NJ
MARKETING
619 RIVER DRIVE Elmwood Park, NJ 105,474 SF Medical Office 79% leased to 8 tenants, potential to increase NOI by $800,000+
100 SANRICO DRIVE Manchester, CT 190,646 SF
61 S PARAMUS ROAD Paramus, NJ 287,392 SF 95% leased, fully renovated Class A office building
100% leased to HomeGoods below
market, ability to increase NOI 35% by year 8
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 WILL GERLIN william.gerlin@cushwake.com JEAN-PIERRE HOHL jeanpierre.hohl@cushwake.com MAIA SIRABIAN maia.sirabian@cushwake.com ALEX MORGAN alex.morgan@cushwake.com SAMANTHA MILLER samantha.a.miller@cushwake.com MORGAN BRECHMAN morgan.brechman@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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