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Federal Realty Investment Trust JV Acquires Hoboken Portfolio for $200M

The 278,879-square-foot portfolio represents one the largest single sales of mixed-use properties along on the New Jersey waterfront, according to Newmark Knight Frank.’

Part of the 39-property portfolio in Hoboken, NJ. Part of the 39-property portfolio in Hoboken, NJ.

HOBOKEN, NJ—A joint venture that includes Rockville, MD-based Federal Realty Investment Trust has acquired a 39-property mixed-use portfolio here for a reported purchase price of $200 million.

Brokerage firm Newmark Knight Frank reported the sale of the portfolio for an undisclosed price. Published reports indicate the portfolio traded for in excess of $200 million.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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