The Most Comprehensive Source for Commercial Real Estate News in the Region 

Denville, NJ — Cushman & Wakefield has arranged for the sale of Denville Commons, a 73,000 s/f grocery-anchored shopping center in Denville. Situated on nine acres at 3130 Rte. 10, Denville Commons was acquired by Longpoint Realty Partners from Denville Commons Associates LP. The commercial real estate services firm represented the seller and procured the buyer in the $22.6 million trade orchestrated by East Rutherford-based investment sales specialists Andrew Merin, David Be

East Rutherford, NJ — Cushman & Wakefield announced it has inked five new leases for Phenix Salon Suites in NJ and NY, totaling 47,000 s/f. David Townes, of the commercial real estate service firm’s retail team, brokered the long-term leases for the properties. Townes serves as exclusive leasing agent in the NY Metropolitan Area for the franchise, which has over 300 locations nationwide and is rapidly expanding throughout the tri-state area. The recent transactions include N

Henrico County, VA — Cushman & Wakefield | Thalhimer represented Bristol Maywill Partners, LLC in the purchase of 2.1 acres of land located at the intersection of Maywill and Thalbro Sts. (2033 Maywill St.) in Henrico County for the development of a five-story luxury urban apartment community. 2001 Maywill LLC sold the land to Bristol Maywill Partners, LLC for $2,000,000. The project is the residential component of a mixed-use development comprised of a five-story office buil

North Bergen, NJ — Imperial Dade, a national distributor of facilities maintenance supplies and foodservice packaging, has signed a 28,756 s/f, long-term lease at West Side Center in North Bergen, according to Cushman & Wakefield. Curtis Foster, executive managing director, and Jerry Shifrin, director, of Cushman & Wakefield’s East Rutherford office, are handling the assignment for the commercial real estate firm, which is leasing agent for the property. The seventh floor of

WEST NYACK, NY — Turnbridge Equities has named Cushman & Wakefield’s New Jersey Asset Services team as property manager for 250 West Nyack Rd. in West Nyack. The assignment marks Cushman & Wakefield’s third appointment by Turnbridge in 15 months; the team now oversees nearly 1.6 million s/f for the Manhattan-based investment and development firm. Cushman & Wakefield’s Mike Nevins and Karen Hromin lead the management team whose initial efforts will center on the development

FLORHAM PARK, NJ — Cushman & Wakefield announced it has brokered an expanded sublease with a multinational professional services and information technology company at 12 Vreeland Rd in Florham Park. The rapidly growing company, which subleased 26,556 s/f in the class A office property in June 2019, has taken an additional 29,974 s/f and now occupies the entire first floor (56,530 s/f). A Cushman & Wakefield team of William O’Keefe, Charles Parmelli and Kelsey Nakamura repre

HOPEWELL, NJ — Geosyntec Consultants has leased 8,886 s/f at Lindy Communities’ Princeton Place at Hopewell, in a long-term transaction orchestrated by Cushman & Wakefield. The global environmental consulting and engineering firm will relocate its regional office from Ewing, to the three-building, class A office campus in a flight-to-amenities move. Cushman & Wakefield’s Todd Elfand, Kevin Carton, Paul Giannone and Joe Vacca, based in the commercial real estate services fir

EASTCHESTER, NY — Ashkenazy Acquisition Corp. has added Vernon Hills Shopping Center in Eastchester to its diversified portfolio in an acquisition orchestrated by Cushman & Wakefield. The private real estate investment firm purchased the five-building Westchester County asset at a cost exceeding $125 million from Vernon Hills Shopping Center LLC. The mixed-use property, totaling more than 380,000 s/f and located five miles from the White Plains CBD at 700 White Plains Rd.,

Educational institutions, the healthcare industry and federal government agencies — often referred to as “Eds, Meds and Feds” — have long been identified as the core drivers of Baltimore’s economy, and the life sciences industry continues to gain momentum as an engine of growth for Charm City. This growth is due in part by the support that life sciences companies are receiving from Baltimore’s largest universities. With the advancement of commercialization efforts at Johns Ho

Tell us how and when you began your career in the profession you are in: I began my Real Estate career in 1997 working at a Class A office building as a Property Administrator in North Jersey. Soon after I began this position, Cushman & Wakefield was hired as the new Property Management firm. After working with Cushman & Wakefield for a short time, an opportunity for the Property Manager position opened up. They took a chance on a young, female employee and promoted me to Pr

SUMMIT, NJ — A joint venture of Saxum Real Estate and The Becker Organization purchased a boutique office building in Summit from The Silverman Group, announced Cushman & Wakefield. The commercial real estate services firm’s New Jersey capital markets group orchestrated the trade of a fully leased, 42,000 s/f office building located at 180 River Rd. “The Silverman Group has done an excellent job in bringing this property to full-occupancy over the course of its ownership pe

What is your greatest professional accomplishment? Last year, I was honored by NJBiz as 40 Under 40 for the business community in New Jersey. This award “honor(ed) the movers and shakers making their mark in New Jersey business.” What is your most notable project, deal or transaction? Recently, awarded NAIOP Deal of the Year Award in 2018. This award was for my involvement in the lease up and eventual sale of The Crossings at Jefferson Park from Vision Real Estate Partners

RICHMOND, VA — Cushman & Wakefield | Thalhimer is pleased to announce the sale of 7000 Hardware Dr. in Prince George County, Virginia and located in the Southeast Quadrant of the Richmond (VA) Industrial Market. Ashley Capital purchased the 798,786 s/f distribution center situated on 155.4 acres from Ace Hardware Corporation as an investment. They plan to immediately update the property to include replacing the roof, all 84 dock doors, replacing the lights with high efficie

PISCATAWAY, NJ — Rockefeller Group, a real estate developer, owner and operator, along with joint venture partner PCCP, LLC, announced that Kiss Products, Inc., with its world headquarters in Port Washington, NY, has purchased a 469,600 s/f distribution building at Rockefeller Group Logistics Center in Piscataway, N.J. for $65.7 million. The global beauty company will occupy the property-situated within the 2.2 million s/f state-of-the-art Rockefeller Group Logistics Center-

MONMOUTH JUNCTION and PARAMUS, NJ — Two new property management assignments in Monmouth and Bergen counties reflect targeted retail-sector expansion for Cushman & Wakefield’s New Jersey Asset Services practice. The shopping centers, Heritage Square in Monmouth Junction and Paramus Junction in Paramus, add approximately 166,000 s/f to the team’s portfolio. Wasa Properties named Cushman & Wakefield to manage the 80,504 s/f, three-building Heritage Square, located at 4180 Route

When it comes to creating co-tenancies that drive traffic to retail properties, dining, personal services and fitness are among today’s most desirable categories. Fortunately, they also are among the sector’s most active space users to date in 2019, and tenant and landlord representatives here in New Jersey are seeing a great synergy emerge as consumers seek both shopping convenience and variety. Strong restaurant demand among brands new to and expanding in the regional mar

PISCATAWAY, NJ — Rockefeller Group, along with joint venture partner PCCP, LLC, announced the sale of two recently completed distribution centers in Rockefeller Group Logistics Center to DWS Group’s real estate platform. This marks the first two sales at the logistics park, where Rockefeller Group is developing five buildings totaling 2.1 million s/f. The first building, a 725,000 s/f distribution center located at 300 Ridge Rd., was fully leased during construction to Bes

42 Military Ocean Terminal Loan: $106.8 Million Institution: Lincoln Equities Group Financier: (Confidential) Location: 42 Military Ocean Terminal, Bayonne, NJ Size of Property: 153 acres Cushman & Wakefield EDSF arranged $106.8 million of acquisition and pre-development financing for the purchase of a one-of-a-kind infill land site known as Lincoln Logistics Center in Bayonne, NJ. Located across the Hudson River on the New Jersey Gold Coast, the property is comprised of app

BENSALEM, PA — Cushman & Wakefield has orchestrated the $23.7 million sale of a 430,373 s/f warehousing and distribution center located at 450 Winks Lane in Bensalem. The seller, a private real estate investment firm, was represented by Cushman & Wakefield’s team of Gerry Blinebury and Jonas Skovdal, along with Gary Gabriel and Kyle Schmidt of the firm’s East Rutherford-based Capital Markets team. “Our team spent the past nine months working with the seller to coordinate t

PARAMUS, NJ — Cushman & Wakefield arranged the December sale of Paramus Junction, a fully leased, grocery-anchored shopping center in the heart of New Jersey’s iconic Bergen County retail corridor. Deka Immobilien GmBH, advised by Madison Marquette, purchased the 75,000 s/f asset from a joint venture of Invesco Real Estate, a global real estate investment manager, and Advance Realty. Cushman & Wakefield’s New Jersey capital markets team represented the seller and procured t