CoStar Group, Inc., a leading provider of commercial real estate information, analytics and online marketplaces, announced today the recipients of the 2025 CoStar Power Broker Award, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals in their respective markets. In the Northern New Jersey market, Drew Maffey of Lee & Associates has been recognized as one of the most active local dealmakers with the prestigious award which has honored…
Jessica Vasil of Lee & Associates makes the 2025 NJBIZ Commercial Real Estate Power List
Without economic uncertainty, every company would be wildly successful and every industry would grow infinitely. For better or worse, though, predicting the future is always difficult. The best business owners and executives can do is bring their experience and talent to bear on the task of analyzing the factors likely to drive the markets and make decisions based on their assessment of what might work. The commercial real estate industry is particularly sensitive to this…
Jessica Vasil, president and principal of commercial real estate services firm Lee & Associates, spoke with Invest: New Jersey about sustaining success in a competitive real estate market.
Jessica Vasil, president and principal of commercial real estate services firm Lee & Associates, spoke with Invest: New Jersey about sustaining success in a competitive real estate market. “Real estate today is about more than just space — it’s about helping people make confident, strategic decisions in a rapidly changing environment. At Lee & Associates, we’re proud to lead a team that brings together brokerage expertise, research, property management, and marketing across our three New Jersey offices….
Lee & Associates: Heller inks 50,000 sq. ft. lease in Edison with ecommerce fulfillment firm
By Joshua Burd Heller Industrial Parks has leased some 50,000 square feet in Edison to an ecommerce fulfillment firm, in a newly announced deal by Lee & Associates – WBE New Jersey. According to the brokerage team, Cangso Global Inc. is moving to 240 Mill Road from Essex County as part of an expansion of its East Coast distribution operation. The deal will provide the company, a U.S.-based fulfillment center specializing in ecommerce sellers, with…
Freight forwarding, logistics firm takes 89,000 sq. ft. in Raritan Center, Lee & Associates says
By Joshua Burd Summit Associates Inc. has landed a tenant for a nearly 89,000-square-foot industrial building in Edison, brokers with Lee & Associates – WBE New Jersey announced Thursday. The occupier, a freight forwarding and logistics services business, will use the space at 117 Sunfield Ave. to support its expansion in the region, according to a news release. The deal provides it with a foothold in the well-known Raritan Center district — which is minutes…
Longpoint buys 101,000 sq. ft. Piscataway industrial portfolio for $19.4 million
By Joshua Burd Longpoint has acquired two industrial buildings in Piscataway, expanding its portfolio by more than 101,000 square feet in a deal arranged by Lee & Associates – WBE New Jersey. The private equity real estate firm, which is based in Boston, paid $19.4 million for the small-bay facilities at 121 and 131 Ethel Road West, according to a news release. Lee & Associates’ Drew Maffey and Joseph Komitor represented the buyer in the…
Brookfield leases up new 152,000 sq. ft. industrial building in Union, Lee & Associates says
By Joshua Burd Brookfield Properties has preleased a nearly 152,000-square-foot industrial building in Union Township, in a newly announced deal by Lee & Associates – WBE New Jersey. According to a news release, an undisclosed manufacturer will use the space at 901 Lehigh Ave. to expand its business. The deal also provides it with a location that’s about four miles from the New Jersey Turnpike, giving it easy access to Port Newark-Elizabeth and New York…
Dermody, retail brand Quince ink 105,000 sq. ft. lease in Carneys Point, Lee & Associates says
By Joshua Burd A direct-to-consumer retailer has found its first logistics facility, leasing 105,000 square feet of new industrial space in the Salem County township of Carneys Point. According to Lee & Associates, which represented the tenant, the affordable luxury brand Quince will use the space at 24 North Game Creek Road to serve its immediate and long-term distribution space needs. It’s leasing the space from Dermody, the developer of the two-building LogistiCenter at Carneys…
Seasoned brokers Capetta, Corpuel join Lee & Associates – WBE
By Joshua Burd Lee & Associates has expanded its industrial brokerage team in New Jersey with the additions of Gary Capetta as managing partner and Matthew Corpuel as partner. In a news release Tuesday, the commercial real estate services firm said the veteran brokers are based in its Elmwood Park office and bring nearly 70 years of combined industry expertise. That includes positions at Pantheon Properties and CBRE, where Capetta and Corpuel worked together, having…