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New York & Tri-State  + New Jersey  + Retail  | 

Hoboken Resi/Retail Portfolio Trades for Reported $200M

NKF arranged the joint venture sale of a 39-property, mixed-use portfolio in Hoboken, NJ on behalf of a private owner, in a deal reportedly valued at more than $200 million. The JV is led by Federal Realty Investment Trust.

Assembled over a 30-year period, the 278,879-square-foot portfolio represents one of the largest single sales of mixed-use properties along the New Jersey waterfront. The portfolio comprises 129 residential units and 171,959 square feet of urban retail featuring a number of Hoboken’s leading brands.

“We’re very bullish on Hoboken as it continues to mature and find favor among NYC commuters, especially given its proximity to the increasingly important West Side of Manhattan and the $25-billion-plus Hudson Yards development,” said Federal CEO Donald Wood.

Kevin Welsh and Brian Schulz of NKF’s Capital Markets group represented the seller and procured the buyer, with support from NKF Retail managing director Dean Tselepis.

 Connect with NKF’s Welsh

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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