The CBRE National Partners Northeast team closed 2019 with investment sales valued at $1.09 billion in the state—reaching record values per square foot. During the past year, the team arranged 17 sale transactions totaling 8.3 million square feet, realizing remarkable results for their clients and setting the benchmark in the real estate industry.
In 2019, the CBRE National Partners Northeast team, comprised of Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki, far surpassed its activity over the past few years.
Among the completed transactions were 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 W. in Deptford; the $56.1 million sale of Milford Road East in Windsor; and the $37.8 million sale of PFG Mount Olive.
“2019 was a record-breaking year for our team in the state of New Jersey,” said Fiurama, vice chairman, CBRE. “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.”