KBS sells Florham Park office buildings for $311M

An unidentified buyer shelled out $311 million for an office park in Florham Park, New Jersey, ROI-NJ reported. California-based commercial real estate owner KBS sold the six-building, 1.19 million-square-foot property after carrying out improvements at the property, KBS’ senior vice president and asset manager Shannon Hill said in a statement, adding that the company brought in “several blue-chip tenants during [its] ownership.” Both KBS and the unidentified buyer were represented by CBRE’s Jeffrey Dunne and Jeremy Neuer, according to the outlet. [ROI-NJ]