Hoboken, NJ
CBRE Arranges $8.24 Million Sale of Retail Property at 226-228 Washington Street in Hoboken, NJ
JFA Hoboken LLC Acquires Two-Story Property in Heart of Hoboken for Mixed-Use Development
February 23, 2026
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CBRE today announced it has completed the sale of a two-story retail property located at 226-228 Washington Street in the heart of Hoboken, NJ. JFA Hoboken LLC acquired the asset from 226-228 Washington Realty LLC for $8.24 million.
The CBRE team of Charles Berger and Sam Bernhault led the marketing campaign for the property and represented the seller in the negotiations. The CBRE team was also responsible for procuring the buyer.
“We leveraged the full strength of our integrated platform, drawing expertise from both Capital Markets and Retail Services, to secure a buyer with a reliable plan for the asset and validating the potential value add for the property,” said Berger. “We were able to achieve a purchase price that translates to over $1,000 per sq. ft. in an all-cash transaction. The new ownership now plans to secure entitlements to develop a mixed-use property.”
Located in one of the most coveted retail and residential locations in the market, 226-228 Washington Street is just two blocks from the waterfront and a five-minute walk from the Hoboken PATH Station. The property is also adjacent to a number of national retailers, including Nike, Abercrombie & Fitch, Trader Joe’s, Starbucks and Chipotle.
About CBRE K.K.
CBRE K.K. is the Japanese subsidiary of the U.S.-based CBRE Group, Inc. and a leading provider of integrated real estate services for corporate clients in Japan. With a legacy dating back to the founding of its predecessor, Ikoma Shoji, in 1970, CBRE has served as a trusted real estate expert in Japan for over half a century. The firm offers a comprehensive suite of over 20 service lines, including leasing and sales brokerage, advisory services, property management, and valuation, delivered from 8 offices nationwide. Its team of approximately 1,800 professionals (including subsidiaries) is committed to providing optimal, impartial, and data-driven real estate solutions that serve as an essential business infrastructure for its clients. For more information, please visit our website at www.cbre.co.jp and follow our social media accounts on LinkedIn, X, and Facebook.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.