BALFIN Group, through its company BALFIN Americas, is further expanding its presence in the U.S. real estate market, having acquired, in partnership with Crown Acquisitions, one of the most premier commercial buildings in New Jersey, known as “340 Mount Kemble”. This investment brings BALFIN Group’s total number of investments in the U.S. to four, with “340 Mount Kemble” being the group’s first investment in the commercial sector.
“340 Mount Kemble” is a Class A office building that is home to some of the largest international financial institutions. With a total lot area of over 160,000 m², the building offers 40,000 m² of office space and a wide range of modern services, including a conference room, gym, game room, lounge, full-service café, and over 1,600 parking spaces.
The Executive Director of BALFIN Americas, Martin Mane, emphasizes that “340 Mount Kemble” is a clear example of the group’s growing presence in the U.S., linking this expansion to the trust that BALFIN has built as a partner, as well as its 30+ years of experience and expertise. “We are increasing our presence in a market characterized by complexity and high dynamics, collaborating with one of the largest American companies, Crown Acquisitions. This step motivates us to continue consolidating our position in the real estate development and asset management field in the U.S. It also reinforces our belief that the standards and governance culture of our Group enable us to operate smoothly and efficiently, maintaining unwavering partnerships with American companies,” says Martin Mane.
Crown Acquisitions is one of the most prominent American companies in the U.S. real estate industry, with a portfolio that includes iconic properties such as Cartier Mansion and 650 Madison Avenue in New York. The collaboration between BALFIN Americas and Crown Acquisitions aims to transform “340 Mount Kemble” into a key commercial center, rich in amenities, and a modern environment suitable for businesses and the community of employees.
“340 Mount Kemble” adds to the previous investments of the Group in the U.S. In New York, BALFIN Americas is developing four residential buildings, which, upon completion, are expected to provide the market with a total of 350 residential units. The first building is expected to be completed in the spring of this year.
With a portfolio of residential, commercial, tourism, and mixed-use projects, both medium and large-scale, BALFIN has positioned itself as a far-sighted investor and developer in the real estate industry. BALFIN Group has been operating in this industry since 2000, starting in Albania, then expanding to Kosovo, North Macedonia, Austria, the United States, and recently Canada.
