The foundation of this company started thirty years ago while Birger Brinck-Lund was running the commercial mortgage division of Prudential’s real estate department. Over the years he was involved in a couple minor commercial investments for personal ventures. These drove him to start Norden Realty Investments as he bought an office building in New Providence, NJ that remains in the company portfolio.
Our goal is to leverage our combined experiences and help investors identify secure investment opportunities. Our focus is on industrial, office and flex spaces that have been under deferred maintenance and can be repositioned for stable cash flowing passive income ventures.
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Direct real estate investment fosters diversification and has been shown to enhance overall returns in a carefully structured investment portfolio. The importance of diversification has never been more compelling or more clearly understood than in the current market environment.
By investing in properties and portfolios sponsored by Norden, sophisticated investors with smaller investment allocations can participate in the direct ownership of a diversified, transparent portfolio of commercial real estate assets.
Through Norden’s range of investment products, investors can tailor their real estate investment strategy to specific return objectives and risk tolerance levels, and can further fine-tune their goals with respect to current returns, capital appreciation, and preservation of capital.
Norden invests in prime, institutional-quality assets with attractive return characteristics based on conservative underwriting criteria targeting properties in the core, core plus and value-added segments of the real estate investment market that represent especially attractive assets in the investment spectrum.
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Located directly at exit 6 of Interstate 287, this easily recognizable office building was purchased with a 56% tenancy in an 8% vacancy market. The ability to purchase the property for the economic value presented by its tenancy made this a simple decision. Our confidence in the ability to fill the building with new tenants and improve the property made this attractive investment a great value-add deal for our partners.
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Located between exits 7 and 8 off 287, in a busy and growing market, 7 miles from Rutgers University offering quality office space from every day use to education with amenities including a fully stocked café. With diligent effort and market analysis, this 100,000 SF office property recovered from 75% vacant shortly after the 2008 economic crisis to its current status of 93% leased in a 8% vacancy sub market.
Norden’s acquired this 132,000 SF flex and warehouse building in the nearby King of Prussia, and Philadelphia, PA area in late 2016. This clean flex space building offers generous educational, administration, warehouse and distribution capacity. five tenants, representing an 80% occupancy rate and a 7% vacancy. The Philadelphia area has been growing driving the area vacancy rates for these types of properties from 20% to 8%.
Close to downtown, this charming Colonial style office building is fully utilizing its 22,000 SF of space. 100% rented in a 5% vacancy suburban market, the diversified tenant roster presents minimal investment risk.
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An elegantly appointed pre-school serves the surrounding community of highly educated professionals, NYC commuters and local entrepreneurs. The educational facility of 21,000 SF, a single tenant triple net is a 100% occupied long term rental in a 5% market. The development of a 6,000 SF pad site is under consideration.
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This property consists of two office buildings. The buildings have a total of 88,000 SF. The property was purchased with 98% occupancy. 70% of the property is occupied by the previous building owner who signed a fresh ten-year lease upon closing. The stable tenancy and the growth potential in the remaining space make this property an attractive investment for those seeking safety and stability.
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