Nexus Properties is a family-owned and operated real estate development and property management company established in 1979. The company specializes in financing, developing, building, leasing, and managing a diverse portfolio of properties throughout New Jersey, including high-rise and low-rise office buildings, medical offices, healthcare facilities, warehouses, mixed-use properties, parking facilities, shopping centers, and Public-Private Partnership (PPP) projects. Nexus Properties is committed to delivering exceptional value to tenants and enhancing the regional economy and landscape. The company upholds high standards of quality, consistency, and customer satisfaction in every project, ensuring that work is not considered complete until these standards are met. Nexus Properties also emphasizes building and maintaining strong relationships with subcontractors, manufacturers, and suppliers.
Nexus Properties focuses on comprehensive real estate development and management, encompassing site selection, approvals, construction, building operations, and management functions. The company is responsible for new project development and has a unique perspective on commercial real estate, understanding that successful projects require the integration of location, design, tenant mix, quality management, and maintenance. Nexus Properties is a leader in Public-Private Partnerships (PPPs) and has been involved in significant redevelopment projects, such as the Rowan Boulevard-Glassboro Redevelopment project, which is the largest municipal redevelopment project underway in New Jersey.
Nexus Properties secured substantial financing for its projects. In 2022, the company obtained a $73 million permanent loan for a new 472-unit multifamily property in Camden County, known as the Villages at Berlin. This long-term, fixed-rate financing replaced a construction loan initially provided by M&T Bank. In 2017, Nexus Properties secured two loans totaling $61.2 million to complete the next phase of Rowan Boulevard, known as A4. This phase included 604 student beds, 20 luxury rentals, and 18,000 square feet of retail space.
Nexus Properties has developed a diverse portfolio of properties, including:
- Rowan Boulevard Redevelopment Project: A $400 million project in Glassboro, NJ, encompassing over 144,537 square feet of retail space, 114 apartments, a 129-room hotel, 2,771 student beds, 82,000 square feet of classroom space, 28,000 square feet of medical space, a 17,700 square foot fitness center, a 1.75-acre town square, and two parking garages totaling over 2,300 parking spaces.
- Villages at Berlin: A 472-unit multifamily property in Camden County, NJ, developed with a $73 million permanent loan secured in 2022.
- Various Commercial and Residential Properties: Including high-rise and low-rise office buildings, medical offices, healthcare facilities, warehouses, mixed-use properties, parking facilities, and shopping centers throughout New Jersey.
Nexus Properties employs experienced, full-time property superintendents, site managers, and maintenance and construction crews, ensuring high-quality management and maintenance across all properties.
The leadership team at Nexus Properties includes:
- Jeffrey Sussman: Managing Member, overseeing site selection, approvals, construction, building operations, and management functions, and responsible for new project development.
- Dante Germano: Chief Operating Officer and Chief Financial Officer.
- Michael Ciesielka: Chief Information Officer and President of Nexus Parking Systems.
- Shaun Enright: Vice President of Operations.
- Ronda Abbruzzese: Vice President of Leasing & Marketing.
- Daniel McGraw: Vice President of Construction.
- Joellen Boyd: Chief Accounting Officer.
- Joe Kline: Vice President of Development.
- Lisa Cicchitti: Vice President of Legal.
- Shawn Field: Chief Investment Officer.
- Richard Hoff: General Counsel.
Nexus Properties operates in the competitive real estate development and property management industry in New Jersey. Key competitors include:
- Kessinger/Hunter: A real estate company with approximately 200 employees and estimated revenue of $204.9 million.
- The Davis Companies: A real estate firm with around 143 employees and estimated revenue of $65.5 million.
- Picotte Companies: A real estate company with approximately 137 employees and estimated revenue of $33.7 million.
- RMS Companies: A real estate firm with around 43 employees and estimated revenue of $8.4 million.
- Oppidan: A real estate company with approximately 42 employees and estimated revenue of $7.9 million.
Nexus Properties has engaged in significant collaborations and partnerships to strengthen its market position and expand capabilities. The company has worked closely with Rowan University on the Rowan Boulevard Redevelopment Project, a $400 million initiative that includes student housing, retail space, apartments, a hotel, classroom space, medical facilities, a fitness center, a town square, and parking garages. This partnership has revitalized the Glassboro area and created thousands of construction and permanent jobs.
