M id A tlantic Real Estate Journal — Northern New Jersey — December 2025 — 15A
www.marej.com
N orthern N ew J ersey
Gabriel, Schmidt, Larkin, and Zuidema represent the seller, Alexander Properties Cushman & Wakefield arranges sale of 124,000 s/f New Jersey industrial portfolio
M
AHWAH, NJ — Cushman & Wake- field has arranged
the sale of a two-property in- dustrial portfolio. The portfolio includes a 67,170 s/f property at 27-35 Franklin Turnpike in Mahwah and a 56,651 s/f property at 90 New Dutch Ln. in Fairfield. Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Ryan Larkin, and Seth Zuidema represented the sell- er, Alexander Properties , in the transaction. The property was acquired by Faropoint . “This portfolio offered a unique opportunity for Faro- point to acquire two well-posi- tioned assets with significant value-add potential in highly desirable NJ submarkets,” said Gabriel. “Both proper- ties are situated in ideal infill locations with high barriers to entry and direct access to ma- jor transportation corridors.” 27-35 Franklin Tpke. is fully leased to Beacon Roofing Supply, which has a long-term tenancy at the location. The site includes 1.3 acres of excess yard area, offering future flex - ibility. 90 Dutch Lane is the headquarters for Precision Textiles and also features excess yard for parking and trailer storage. “Both Mahwah and Fairfield represent strategic micro-lo- cations within our broader ag- gregation play across Northern New Jersey,” said Orry Mi- chael , vice president, North- east Acquisitions at Faropoint. “We’re selectively expanding our footprint in submarkets where we have seen strong tenant demand, limited sup- ply, and long-term stability.” “These acquisitions reinforce our disciplined approach to high-quality Northeast assets,” adds Itay Ron , Northeast Market Officer at Faropoint. “Each property offers compel- ling fundamentals in supply- constrained markets where we continue to see potential strong value-add opportunities.” In a separate NNJ transac- tion, Cushman & Wakefield announced that the real estate services firm has arranged the sale of 165 E Main St., a 15,879 s/f office building in Denville. The buyer will be an owner-occupier. The Cushman & Wakefield team of Andrew Schwartz, Jordan Sobel, André Balthazard, and Dan Bot- tiglieri represented the seller.
Gary Gabriel
Kyle Schmidt
27-35 Franklin Turnpike in Mahwah
90 New Dutch Lane in Fairfield
property presented a unique opportunity to acquire a promi- nent boutique office asset near the Denville Train Station and Downtown Denville. The high level of interest we received in this asset is a testament
to the continued demand for high-quality assets in transit- oriented suburban downtowns like Denville.” The two-story building bene- fits from its proximity to major transportation routes. MAREJ
Toni Kaufmann of Realty Executives represented the buyer in the transaction. “We are pleased to have represented the seller in the successful sale of 165 E Main St.,” said Balthazard. “This
Ryan Larkin
Seth Zuidema
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