Cushman & Wakefield said Dec. 11 that its Northeast Industrial Capital Markets team completed industrial investment sales totaling $257 million and more than 1 million square feet across New Jersey and New York to start the fourth quarter of 2025.
Cushman & Wakefield’s Northeast Industrial Capital Markets team of Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented sellers and procured buyers across a roster of deals involving institutional, private equity and entrepreneurial ownership groups.
“The depth of demand we’re seeing across shallow-bay, IOS (industrial outdoor storage), and Class A warehouse speaks volumes about the strength of the NJ/NY industrial market,” said Gabriel, executive vice chair at Cushman & Wakefield. “Investors remain focused on the region’s limited supply, compelling geography, and durable tenant base. The momentum of recent closings reinforces just how competitive and resilient this market continues to be.”
Kyle Schmidt added that, “For the first time since 2022, we are seeing all areas of the market operating in unison as equity, debt, and leasing are all on track, enabling pent-up investment capital to be deployed after several years of limited acquisitions,” said the vice chairman with Cushman & Wakefield.
“Lenders are actively seeking exposure to New Jersey and New York industrial, which has provided a liquidity push in 2025 while resilient tenant demand has also enhanced underwriting.”
The transactions closed by Cushman & Wakefield are:
- East Hanover Industrial Park on Melanie Lane in East Hanover is a 168,564-square-foot, three-building shallow-bay portfolio featuring 31 tenants. Cushman & Wakefield represented joint sellers Vision Real Estate Partners and Barings in the transaction.
- Interstate Crossing, Building A in Brewster, N.Y., is a newly delivered 303,100-square-foot warehouse fully leased to LesserEvil for six years. The building features 40-foot clear heights, 58 loading positions, and connection to interstates 84 and 684. Cushman & Wakefield represented Lincoln Equities Group / HIG in the transaction.
- 90 New Dutch Lane in Fairfield and 27–35 Franklin Turnpike in Mahwah are shallow-bay and low-coverage industrial buildings totaling 123,821 square feet. Tenants include Beacon Roofing Supply (QXO-owned) with a lease through 2033. Cushman & Wakefield represented the seller, a private partnership, and procured the buyer, Faropoint.
- Route 3 Industrial Park in Clifton is a fully leased, 97,145-square-foot shallow-bay park with a value-add profile. Cushman & Wakefield represented Longpoint Partners and procured the purchaser, The Silverman Group.
- 90 Kingsland Road in Clifton is an IOS vehicle distribution center situated on a 7.1-acre industrial outdoor storage (IOS) site with a 9,667-square-foot maintenance facility supporting one of the world’s largest EV companies. Cushman & Wakefield represented VentureOne and procured the purchaser, Outpost.
- Route 46 Industrial Center in Morris County is a 277,000-square-foot multi-tenant industrial building with a diverse tenant mix featuring recent capital improvements. Cushman & Wakefield represented the sellers, Camber Real Estate Partners and Corebridge.
