Category: Press Releases

Cervelli Real Estate & Property Management Arranges $1.2 Million Mixed-Use Sale in Jersey City JERSEY CITY, N.J. — July 24, 2026 — Cervelli Real Estate & Property Management has completed

Cervelli Real Estate proudly announces the successful sale of 1008 Paterson Plank
Road, a prime mixed-use investment property in North Bergen. Positioned in a prime
location, the property offers rare off-street parking and a versatile layout, making it an
attractive opportunity for investors and business owners alike. The transaction highlights
the firm’s expertise in navigating complex deals and delivering optimal results for
property owners and investors.

Cervelli Real Estate Announces Exciting Lease Milestone at 168 MLK Drive

Cervelli Real Estate is proud to announce the successful leasing of half of the ground floor retail space at 168 Martin Luther King Drive to a dynamic staffing agency. This new tenant is set to bring essential services to the community while enhancing the vibrancy of this newly completed mixed-use development.

The staffing agency will occupy approximately 1,394 SF of the ground floor space. Located in one of Jersey City’s fast-growing corridors, the placement marks a significant milestone in the property’s lease-up phase, showcasing Cervelli Real Estate’s dedication to connecting businesses with spaces that support their growth and success.

168 MLK Drive, a newly completed property, combines modern design with accessibility, making it an ideal location for businesses seeking a presence in a thriving urban environment. The staffing agency’s operations will focus on connecting local job seekers with employment opportunities and supporting economic growth and workforce development in the area.

“We are thrilled to welcome this reputable staffing agency to 168 MLK Drive,” said Chris Cervelli, Managing Partner, Cervelli Real Estate. “Their presence underscores the property’s value as a hub for businesses that want to make a meaningful impact in the local community. This partnership reflects our commitment to fostering economic vitality while meeting the needs of both property owners and tenants.”

With this lease, the ground floor retail space at 168 MLK Drive moves closer to full occupancy, demonstrating strong demand for high-quality commercial properties in Jersey City. Cervelli Real Estate continues to leverage its market expertise and extensive network to secure tenants that align with property owners’ goals and benefit the surrounding community.

For more information about Cervelli Real Estate’s services, please contact Chris Cervelli at [email protected] or 201-868-6300 x18.