CBRE National Partners completes $1B+ worth of N.J. investment sales in 2019

CBRE National Partners announced on Tuesday it completed $1.09 billion worth of New Jersey-based investment sales last year.

In 2019, CBRE said it arranged 17 sales deals totaling 8.3 million square feet.

They include: the $151.2 million sale of FXG Jersey City; the $93.27 million sale of the nine New Jersey assets in the Rubenstein Properties portfolio; the $62 million sale of Performance Drive in Mahwah; the $77.94 million sale of 240 Mantua Grove Road West in Deptford; the $56.1 million sale of 150 Milford Road East in Windsor; and the $37.8 million sale of PFG in Mount Olive.

“2019 was a record-breaking year for our team in the State of New Jersey,”  Brian Fiurama, vice chairman, CBRE, said. “We are extremely proud of the work we have been able to achieve for our clients and look forward to an even more successful year in 2020.”

CBRE National Partners’ team of Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki were tasked with arranging all of the deals.

“Our capital markets team has built a strong reputation for the creation of value in each and every transaction,” Jeff Hipschman, senior managing director of CBRE’s New Jersey offices, said. “Our ability to fully leverage the institutional demand for New Jersey industrial product utilizing our global platform has generated record value and pricing per square-foot for our clients.”