Hoboken, NJ — Newmark Knight Frank (NKF) announced the joint venture sale of a 39-property, mixed-use portfolio in Hoboken, NJ (Portfolio) on behalf of a private owner. Executive managing director Kevin Welsh and managing director Brian Schulz of NKF’s Capital Markets group represented the seller in the transaction, along with support from NKF Retail managing director Dean Tselepis. The team was also responsible for procuring the joint venture partner, Federal Realty Investment Trust. The 278,879 s/f Portfolio represents one the largest single sales of mixed-use properties along on the New Jersey waterfront. The acquisition provides an opportunity of unparalleled scale in one of the region’s most prominent urban lifestyle markets. Concentrated primarily along Washington St., Hoboken’s premier retail corridor, the Portfolio comprises 129 residential units and 171,959 s/f of urban retail featuring a number of Hoboken’s leading brands. READ MORE