2B — September 15 - 28, 2017 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey Neuer &Dunne to co-lead office and industrial sales inNJ CBRE Institutional Properties broker $21m Secaucus sale

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ecaucus, NJ — Jef- frey Dunne and Jer- emy Neuer of CBRE Institutional Properties in collaboration with Geoffrey Schubert represented Rialto Capital in the $21 million sale of 150 & 200 Meadowlands Parkway in Secaucus. (the “Property”). The team was also responsible for procuring the buyer, Alma Realty. 150 & 200 Meadowlands Parkway consists of two of- fice buildings totaling 212,666 s/f currently 77% leased. The 41,400± s/f in vacancy provides significant upside from further leasing. S

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150 & 200 Meadowlands Parkway

Dunne commented: “150 & 200 Meadowlands is highly proximate to the Lincoln Tunnel and Manhattan and provides

secure cash flows from long term leases along with opportunity to grow NOI through further lease up.” I n o t h e r news, CBRE a n n o u n c e d that 18-year industry vet- eran Jeremy Ne u e r h a s b e e n p r o - moted to co- leader of the New Jersey Capital Mar- kets Group alongside vice chairman Jef- frey Dunne. In hi s new role, Neuer w i l l f o c u s on office and industrial sales throughout New Jersey. Having joined CBRE in 2011 as a senior vice president, Neuer brings a comprehensive knowledge of New Jersey office assets and ownership to his new role. Throughout his ca- reer, Jeremy has handled some of the state’s most prominent leasing agencies. “Our team is very excited for the next chapter in New Jersey, and we look forward to working with Jeremy to grow our business beyond our previ- ous heights,” said Dunne. “His knowledge of the market and how technology is changing our business—as well as his understanding of how value is created and enhanced—makes him both a unique and a natu- ral fit for our team as we move forward.” “Jeremy’s experience with respect to the workplace—how buildings need to adapt to meet the needs of modern oc- cupiers—gives him a distinct perspective to drive asset value and provide compre- hensive advisory to owners and investors,” said Jeffrey Hipschman , senior managing director, CBRE. n Jeremy Neuer Jeffrey Dunne

Investment Sales | Commercial Sales and Leasing

FOR SALE Westville, NJ

FOR SALE Newark & Irvington, NJ

79 Residential Units Matt Weilheimer ext 253

53 Residential Units Daniel Lanni ext 248

FOR SALE Caldwell, NJ

FOR SALE Lambertville, NJ Antique Market Real Estate and Business Joni Sweetwood ext 273 Matt Weilheimer ext 253 FOR SALE Elizabeth, NJ

8 Units plus 4 Stores Robert Squires ext 287

FOR SALE Paterson, NJ

56,000± SF Office/Retail Michael Salomon ext 243

18,735± SF Office Andrew Jonas ext 460

The Kislak Company, Inc. | www.kislakrealty.com | 732 750 3000

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