logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
      • Construction Risk Management
      • Energy & Sustainability
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership - Global
      Investor Relations
      Media Center
      Suppliers

Next

CBRE Recognized for Real Estate Industry’s "Best Use of Automation" by Realcomm
  • About CBRE
  • Media Center
  • CBRE Experiences Exceptionally Active Summer with Leasing and Sales Activity in New Jersey Remaining Hot

CBRE Experiences Exceptionally Active Summer with Leasing and Sales Activity in New Jersey Remaining Hot

Saddle Brook, NJ | September 9, 2019
  • Email
  • Share
  • Tweet
  • Share

$name

CBRE experienced yet another record-breaking summer, completing some of the largest transactions in investment sales, as well as office, industrial and retail leasing in the market, which amounted to an impressive 12.8 million sq. ft. 

Between June 1 and August 30, CBRE executed 231 lease transactions totaling 10.4 million sq. ft. and 31 sales transactions totaling 2.4 million sq. ft. across all asset types. By comparison, last summer CBRE completed 158 lease transactions totaling 3.11 million sq. ft. and 34 sales transactions totaling 1.32 million sq. ft. 

The most prominent office deal completed by CBRE this summer was the 315,086 sq. ft. lease for Everest Reinsurance Company at 100/200 Warren Corporate Center Drive in Warren, New Jersey. CBRE’s Eric Deutsch and Jeffrey Babikian represented Everest Reinsurance in the negotiations with building ownership, a joint venture between Vision Real Estate Partners and Rubenstein Partners. 

Another noteworthy office transaction included a 115,659 sq. ft. commitment by IQVIA at 77 Corporate Drive in Bridgewater, New Jersey, in which CBRE represented the landlord. 

On the industrial front, CBRE’s David Gheriani and William Waxman arranged a 278,936 sq. ft. lease with Garden State Cold Storage at 580 Port Carteret Drive in Carteret, New Jersey. CBRE represented Garden State in the transaction. 

In addition to the office and industrial leases, CBRE also arranged a number of notable retail transactions. The top two leases included a 26,954 sq. ft. commitment by CAVU Trampoline & Tumbling at 225 Route 46 West in Mountain Lakes, New Jersey, and a 14,754 sq. ft. lease by Jennifer Furniture at Greenleaf at Union Shopping Center, located at 1235 West Chestnut Street in Union, New Jersey. 

“This past summer proved to be one of the busiest periods of the year so far, with tremendous activity in both leasing and investment sales,” said Jeff Hipschman, Senior Managing Director, CBRE. “Our industry-leading team of professionals completed some of the most significant transactions in the market and we are very proud of the outstanding outcomes we were able to deliver for our clients.”

A driving force in investment sales throughout the region, CBRE was also instrumental in a number of significant transactions, including the 1.3 million sq. ft. sale of an industrial portfolio in Northern New Jersey. Hampshire Real Estate Companies sold the 30 industrial building portfolio to Colony Industrial. CBRE represented the seller in the negotiations.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Contact

Bailey Hall, Communications Specialist
Bailey Hall
Corporate Communications, Tri-State Division and New England
+1 215 561 8921
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn