M id A tlantic Real Estate Journal — New Jersey — February 2024 — 1B
www.marej.com
2.24
Cushman & Wakefield’s Tri-State Capital Markets closed in excess of $2.4 billion of oce, industrial, retail, land and multifamily transactions in the past 12 months. RECENT SUCCESSES & NEW DEALS
MARKETING
1000 JEFFERSON @ EWR Newark, NJ 201,560 SF
AINSLEY INDUSTRIAL PARK Syracuse, NY 307,000 SF
310 MADISON AVENUE Morristown, NJ 58,440 SF
Property situated on 7.7 acres, <1 mile to Newark Airport and <2 miles
90% leased 3-story medical building with various practices and 217 parking spaces. In-place cash flow with opportunity for additional lease-up.
100% leased Syracuse MSA warehouse o of I-481 with immediate upside and in-
to Port Newark. Opportunity to more than double NOI over 5 years
place rent 1/3 of market. Potential to increase NOI $1M by year 5.
SOLD
169 LACKAWANNA AVE Parsippany, NJ 20.5 Acres
61 SOUTH PARAMUS ROAD Paramus, NJ 287,704 SF 96% leased oce with 18 tenants. Average rent of $32 PSF and 4.9 Year WALT with best-in- market amenities and $4.5M in renovations completed 2023.
PRINCETON NURSERIES Princeton, NJ 271 Acres
Industrial zoned redevelopment site with heavy power located one turn o Route 46. Existing 256,956 SF delivered vacant.
950 residential units, 220,000 sf retail, 400,000 sf oce and research,
125+ hotel keys, 1,800,000 sf of non-residential development
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 WILL GERLIN william.gerlin@cushwake.com JEAN-PIERRE HOHL jeanpierre.hohl@cushwake.com MAIA SIRABIAN maia.sirabian@cushwake.com MICHAEL GUERRA michael.guerra@cushwake.com SAMANTHA MILLER samantha.a.miller@cushwake.com MORGAN BRECHMAN morgan.brechman@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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