Case Studies

A client focused, flexible commercial real estate company


The success of investments has to do with “The Exit.” After careful analysis Fennelly suggested breaking
up an existing 133,000 square foot Princeton Marketplace office, warehouse showroom and lab
buildings portfolio due to its product diversification, vacancy and positioning in the market. This strategy
included leasing and committing to achieving 95% occupancy. The strategy yielded 6 individual sales, all
Corporate Occupiers. This marketing to individual companies that were willing to buy 6,000 to 40,000
square foot buildings for their own use yielded a 36% HIGHER return than selling as one multi building
office, warehouse, showroom and lab space complex.

This came about as a referral from a law firm. A Life-long client asked Fennelly to take on a retail
location and sell it, without signage or traditional marketing. This was Reilly’s, a 10,000 square foot retail
building on 2.5 acres on US1. NAIFennelly achieved this goal during the COVID-19 lockdown with a
closing in the first half of 2021. Mr. Reilly can now begin his retirement and enjoy the rewards of having
had a successful business ownership career.

Institutional Owner in the Bio field hires NAIFennelly on two projects: a 50,000 square foot vacant
single-story office built out and a 70,000 square foot building with 30,000 square feet of vacant lab and
clean room space. The client had a leasing problem, NAIFennelly came in and leased both buildings in
nine months’ time.

International company needed new North American HQ technology building in Princeton. The client
called NAIFennelly and needed an on market and off market technology building option for 40,000
square feet. NAIFennelly delivered an off-market solution with heavy power and 22 foot clear, and was
able to accomplish this task in 60 days during COVID-19 at the end of 2020.