By Tina Traster
Cushman & Wakefield has negotiated a 24,259-square-foot lease in New Brunswick for New Jersey Community Capital, the state’s largest community development financial institution.
In a news release, the brokerage team said 100 Albany St. will serve as the new headquarters for the nonprofit, providing easy access to the New Brunswick train station and highways such as routes 1 and 18. The 147,716-square-foot office building also has several retail businesses and restaurants, including Steakhouse 85 and Salt, while offering 24-hour access to tenants.
“As NJCC grows in size and influence, this conveniently located office space will provide a fresh environment for our future,” said Bernel Hall, CEO and president of New Jersey Community Capital. “We value our partnership with Cushman & Wakefield and are thrilled to continue our mission-driven work throughout the State of New Jersey and beyond from our new home in New Brunswick.”
Cushman & Wakefield’s David DeMatteis and Mina Shehata represented NJCC, which supports the preservation and development of affordable housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods.
“We are thrilled to have found a new headquarters for New Jersey Community Capital, a nonprofit organization that is helping our community by creating vibrant and quality affordable housing in New Jersey,” DeMatteis said.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
