C&W Closes Out 2000 With a 1.2 Mil-SF Rush

EAST RUTHERFORD, NJ-The closing weeks of last year were busy ones for Cushman & Wakefield of New Jersey (and related offices), over and above the usual activity of the holiday season. The year-end rush saw property sales of just under 730,000 sf. That, coupled with leasing activity that amounted to just under 500,000 sf, added up to a tidy piece of work.

The sales activity involved the 728,000-sf Matrix/AEW Southern New Jersey portfolio in which C&W’s Andrew Merin, David Bernhaut, Gary Gabriel (East Rutherford), James Vesey and Michael Hines (Philadelphia) represented seller Matrix Development of Cranbury, NJ. The portfolio includes 6000 Atrium Way in Mt. Laurel, NJ; Matrix Business center at Colwick, Cherry Hill, NJ; and Matrix Centre, 3 Executive, Cherry Hill. The buyer and the terms were not disclosed.

The largest of the lease deals that came down at year-end was Radianz U.S.’s 130,000 sf at 492 River Rd. in Nutley, NJ. C&W’s Gary Greenspan and Mitchell Konsker (NY Midtown) arranged the transaction.