Prolific Brokerage Team Achieves Record Values Per-Square-Foot; Realizes Remarkable Results for Clients
The CBRE National Partners Northeast team had an extremely busy 2019, completing investment sales valued at $1.09 billion in New Jersey, reaching record values per sq. ft. During the past year, the team arranged 17 sale transactions totaling 8.3 million sq. ft., realizing remarkable results for their clients and setting the benchmark in the real estate industry.
The CBRE National Partners Northeast team, comprised of Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki, far surpassed their activity over the past few years in 2019, arranging property sales throughout the New Jersey market.
Among the completed transactions were the $151.2million sale of FXG Jersey City; the $93.27 million sale of the nine New Jersey assets in the Rubenstein Properties Portfolio;the $62million sale of Performance Drive in Mahwah; the $77.94million sale of 240 Mantua Grove Road West in Deptford; the $56.1million sale of Milford Road East in Windsor; and the $37.8million sale of PFG Mt. 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.”
“Our capital markets team has built a strong reputation for the creation of value in each and every transaction,” noted Jeff Hipschman, Senior Managing Director of CBRE’s New Jersey offices. “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.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
