1 & 25 DEFOREST AVENUE
SUMMIT, NEW JERSEY
As exclusive agent, Cushman & Wakefield is pleased to present a 100% fee interest in 1 & 25 Deforest Avenue (the Property) for sale. Located in the heart of downtown Summit, and immediately walkable to NJ-Transit’s Summit Station (30-minute direct access to NYC), 1 & 25 Deforest Avenue represents the most dominant and premier set of office buildings in all of New Jersey. 

The Property is situated within footsteps of Summit’s vibrant, walkable downtown with an array of boutique shops and amenities, from restaurants to high-end retail and entertainment, making the workplace experience at 1 & 25 Deforest unlike any other in the region. 

As such, this collection has continued to attract an elite tenant roster including globally-acclaimed firms such as Blackstone, JP Morgan and Jefferies – further proving its establishment as the most sought-after Property in all of suburban New Jersey. 
INVESTMENT HIGHLIGHTS
RAPID RENT GROWTH

• Pre-Covid Rent: $40-$50+

vs.

• Post-Covid Rent: $60+ Achieved
NEAR-ZERO VACANCY RATE

• Limited to No Competition in Downtown Summit

• 100% Leased Across Primary Competition
INCREASED LEASING DEMAND + UPTICK IN TENANT INQUIRIES

• 7 New Deals Since 2020

• 51,184 SF of New Leasing Activity
SUMMIT "THE GREENWICH OF NJ"

• Summit: 15+% Rent Growth (Pre-Post Covid) & <1% Downtown Office Vacancy Rate

• Greenwich, CT: 25+% Rent Growth (Pre-Post Covid) & <5% Downtown Office Vacancy Rate
PROPERTY SUMMARY
TOTAL OFFICE SF
198,272 SF
WALT
4.4 Years
OCCUPANCY
100% | 22 Tenants
PARKING
511 Surface (2.6 / 1,000 SF)*
*Street and municipal parking also available
INVESTMENT CONTACTS
ANDREW J. MERIN
Executive Vice Chairman
+ 1 201 460 3358
DAVID W. BERNHAUT
Executive Vice Chairman
+ 1 201 460 3356
H. GARY GABRIEL
Executive Vice Chairman
+1 201 460 3352
KEVIN DONNER
Vice Chairman
+1 212 841 5966
FRANK A. DITOMMASO
Managing Director
+1 201 508 5303
MAX C. HELFMAN
Financial Analyst
+1 201 508 5269
FINANCING CONTACTS
JOHN ALASCIO
Executive Managing Director
+1 212 841 9238
CHUCK KOHAUT
Director
+ 1 201 528 2154
TJ SULLIVAN
Director
+1 212 841 7977
LEASING CONTACTS
WILLIAM O'KEEFE
Senior Vice President
+1 973 908 6101
BEN BRENNER
Executive Director
+ 1 973 292 4617
Cushman & Wakefield, LLC | Capital Markets
One Meadowlands Plaza, 7th Floor, East Rutherford, NJ
+1 201 935 4000
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