The Real Deal New York

15-acre Medford office complex sells to NJ-based investment firm

August 06, 2018 02:58PM

New Jersey-based PAG Investments bought the Brookhaven Executive Center in Medford for what real estate sources estimate was $7.2 million. The price wasn’t officially disclosed. The 155,079-square-foot office complex sits on 15-acre campus and is 53 percent occupied. It was once owned by Paul Elliott, the CEO of Soundview Realty Group. It was foreclosed on in 2014 and then taken over by American General Life Insurance, a subsidiary of AIG Global. Kevin Welsh, Brian Schulz, Chuck Kohaut and Jason Emrani of Newmark Knight Frank’s Tri-State Capital Markets team worked with colleagues in their company’s Melville office — Scott Berfas, Dan Oliver and Jordan Oliver — to represent AIG and find a buyer.  [LIBN]