SilverTree Commercial Real Estate

What SilverTree Commercial Real Estate does

SilverTree Commercial Real Estate is a family-owned commercial real estate company operating in the NY/NJ metropolitan area for approximately 40 years (founded around 1981). The company functions simultaneously as owner, tenant, investor, asset manager, and builder, managing a diversified portfolio of six branded properties: 3rd Space Cowork (coworking), Turnpike Plaza and Small Officer (commercial office), Milk Barn (commercial/retail), Port Newark Junction (industrial/logistics), and Commercial Parking. The company is headquartered in East Brunswick, NJ, and operates with a reported 1-10 employee lean owner-operator structure, suggesting outsourced property management.

The company's primary customer segments are small to mid-sized businesses, startups, and professionals seeking flexible, modern, technology-enabled workspace in the NY/NJ market, with secondary segments in specialized commercial operators (parking, retail, F&B) and real estate investors. Revenue is generated through three streams: recurring rental income from commercial tenants (subscription model), professional asset management services, and one-time property development and sales. The go-to-market motion is direct-to-consumer, relying on the corporate website (turnpikeplazanj.com), portfolio microsites, and Forbes earned-media coverage rather than institutional sales channels.

The underlying technology stack is described as "technology-enabled" with seamless integration of modern design and tenant experience tooling, but no specific AI/ML capabilities, proprietary platforms, or APIs are disclosed. Pricing is quote-based and not publicly disclosed, varying by property, location, size, and lease terms. The company has no disclosed funding rounds, no M&A activity, and no institutional capital; growth is funded internally through family ownership and operating cash flow.

Name

SilverTree Commercial Real Estate

Legal name

SilverTree Commercial Real Estate

Website

https://silvertreecommercialrealestate.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

SilverTree Commercial Real Estate is a family-owned NY/NJ commercial real estate firm that owns, manages, and develops a diversified portfolio of coworking, office, retail, logistics, and parking properties serving SMBs and commercial operators.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (531190), Real Estate and Rental and Leasing (53), Real Estate (531)

SIC

Lessors Of Real Property, Nec (6519), Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)

akta.pro industry

PRIMARYFSAEAJAB

Commercial Real Estate Brokerage (Leasing & Sales)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Real Estate Advisory & Brokerage

SECONDARYBPAJABAA

Office Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

SECONDARYBPAJACAF

Industrial Outdoor Storage (IOS) & Yard Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Industrial Real Estate Brokerage

Keywords

• Commercial real estate
• Coworking spaces
• Property management
• Commercial leasing
• Real estate investment

Headquarters

HQ city

East Brunswick

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Rental Income: Rental income from commercial tenants occupying portfolio properties including office spaces, coworking facilities, retail/commercial spaces, and parking facilities.
2. Property Asset Management: Asset management services for commercial real estate properties, managing tenant relationships and property operations.
3. Property Development and Sales: Development and construction of commercial real estate properties, including tenant improvements and modernization of spaces.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

SilverTree Commercial Real Estate is a family-owned owner, operator, investor, asset manager, and builder of commercial real estate in the NY/NJ metropolitan area. The company owns and leases a diversified portfolio including coworking spaces (3rd Space Cowork), commercial office buildings (Turnpike Plaza, Small Officer), retail/commercial space (Milk Barn), logistics/industrial property (Port Newark Junction), and commercial parking facilities. It also develops, modernizes, and improves commercial properties for tenants, with an emphasis on modern design and technology-enabled environments.

Product overview

SilverTree Commercial Real Estate operates as a diversified commercial real estate platform offering a portfolio of properties across the NY/NJ area. The company functions as owners, tenants, investors, asset managers, and builders with a 40-year history. The portfolio includes multiple distinct brands and property types: 3rd Space Cowork (a coworking space brand), Turnpike Plaza and Small Officer (commercial office properties), Milk Barn (commercial property), Port Newark Junction (industrial/logistics property), and Commercial Parking services. The company emphasizes modern design, tenant improvement, and technology-enabled experiences across its properties.

Differentiator

Problem solved

Functional benefit

Brands

• 3rd Space Cowork: Coworking space brand operated by SilverTree CRE
• Turnpike Plaza
• Small Officer
• Milk Barn
• Port Newark Junction
• Commercial Parking

Products and services

• 3rd Space Cowork Coworking space brand offering modern, technology-enabled work environments designed to increase productivity and well-being for start-ups, professionals, and SMBs in the NY/NJ market.
• Turnpike Plaza Commercial real estate property offering office and workspace solutions in the NY/NJ market area, part of the SilverTree portfolio.
• Small Officer Commercial property brand of SilverTree offering small office solutions for tenants in the NY/NJ market.
• Milk Barn Commercial real estate property within the SilverTree portfolio, used for retail/food & beverage tenants.
• Port Newark Junction Logistics and commercial property at Port Newark serving industrial and distribution tenants in the NY/NJ region.
• Commercial Parking Commercial parking services offered as part of SilverTree's real estate portfolio in the NY/NJ area.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• The Yard: Herbanual Office Spaces: Operator of design-forward coworking, private office, and event spaces in NY/NJ metro markets. Closest sub-scale, regional coworking peer to SilverTree's 3rd Space Cowork brand.
• Onyx Equities: Private, vertically integrated NJ-based commercial real estate owner, operator, and investor. Highly comparable to SilverTree in combining ownership, asset management, and development in the NY/NJ market at a similar sub-institutional scale.

Broad incumbents

• CBRE Group: World's largest commercial real estate services and investment firm. Comparable in offering investment sales, leasing, and asset management services in NY/NJ, though at vastly greater scale than SilverTree.
• Cushman & Wakefield: Global commercial real estate services firm with significant NY/NJ presence. Comparable in providing brokerage, asset management, and property management services that overlap with SilverTree's activities.
• Vornado Realty Trust: One of the largest publicly traded office REITs, with a meaningful concentration of assets in the New York City and surrounding NY/NJ market. Comparable as a commercial office landlord operating at scale in the same region as SilverTree.
• JLL (Jones Lang LaSalle): Global commercial real estate services firm offering brokerage, property management, investment sales, and development advisory. Overlaps with SilverTree's asset management and leasing activities but operates at institutional scale.

Direct peers

• Industrious: Premium flexible-workspace provider offering coworking and suite offices to enterprise tenants. Directly comparable to 3rd Space Cowork, with a similarly design-forward, technology-enabled positioning.
• IWG (Regus): Global operator of flexible workspace brands including Regus, HQ, and Spaces. Directly comparable to SilverTree's 3rd Space Cowork sub-brand in terms of coworking/flexible-office product offering to SMBs and enterprise clients.

Regional players

• Mack-Cali Realty Corporation: NY/NJ-focused commercial office landlord and operator. Mack-Cali owns and manages a large portfolio of Class A and Class B office and flex properties in the same metro as SilverTree, making it the most directly comparable regional owner/operator peer.
• SL Green Realty Corp. Manhattan-focused office REIT with deep NY metro exposure. Comparable as an office landlord in the same broader NY/NJ region, though SL Green operates a pure office strategy at institutional scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SilverTree Commercial Real Estate