KBS sells Florham Park office buildings for $311M

TRD TRI-STATE /
Jan.January 29, 2020 03:39 PM

Park Avenue at Morris County

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]


Related Articles

arrow_forward_ios
Renaissance Properties sells mixed-use Metuchen complex for $30M

Renaissance Properties sells mixed-use Metuchen complex for $30M

Joint venture led by Federal REIT drops $203M for Hoboken portfolio

Joint venture led by Federal REIT drops $203M for Hoboken portfolio

CMT Developer secures loan for apartments at former Elizabeth, NJ hospital site

CMT Developer secures loan for apartments at former Elizabeth, NJ hospital site

Thor Equities shells out 8 figures for Jersey City office building

Thor Equities shells out 8 figures for Jersey City office building

New Jersey Gov. Phil Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Ned Lamont (Credit: Murphy by Bennett Raglin/Getty Images for Montclair Film; Cuomo by Spencer Platt/Getty Images; Lamont by Bonnie Biess/Getty Images for SiriusXM)

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus

Oldest home in Saddle River, NJ hits the market

Oldest home in Saddle River, NJ hits the market

Time Equities buys NJ retail center for $60M

Time Equities buys NJ retail center for $60M

JLL arranges loan for Jersey City Opportunity Zone apartment project

JLL arranges loan for Jersey City Opportunity Zone apartment project

arrow_forward_ios
Loading...