Mahbod Nia Of Veris Residential Acquires Development Site In Weehawken For $38M

A development site located at 200 Port Imperial Boulevard in Weehawken, NJ has been sold for $38 million. This transaction highlights the property's significance within the Port Imperial Redevelopment Area, emphasizing its market value within New Jersey’s Gold Coast.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $38,000,000
• Buyer: Mahbod Nia - Veris Residential
• Seller: PIS 2 Apts Urban Renewal LLC
• Date of Sale: 10/15/2025

An affiliate of Veris Residential Inc. has reinforced its investment strategy by acquiring the property, thereby expanding its presence in the local area. This acquisition is part of Veris Residential’s broader initiative to enhance its footprint across engaging locations in New Jersey.