Airport complex fetches $13m.Allegiance Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. has sold its 25-35 Airport Road office complex in Hanover Township, New Jersey Hanover Township is a Township in Morris County, New Jersey, United States. As of the United States 2000 Census, the township population was 12,898. The township comprises the unincorporated communities of Whippany and Cedar Knolls. , to M. Alfieri Co., Inc. for $13.65 million. David Bernhaut and Jose Cruz Jose Luis Cruz (Cheo) can refer to different people:
tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. the sale of the office complex. The two-building, Class A property sits on five acres at Exit 2B of Route 24, adjacent to Morristown Airport. The property's 100,000 square feet of space are more than 90% lease to a roster of different tenants. "This was a great middle-market offering that generated significant interest among investors in that niche," Bernhaut said. "Alfieri has acquired a quality office building at a price that is significantly below replacement cost." "Hanover is part of the Florham Park submarket, which is one of the strongest in the state," Cruz added. "Within the context of single-digit vacancies and unabated un·a·bat·ed adj. Sustaining an original intensity or maintaining full force with no decrease: an unabated windstorm; a battle fought with unabated violence. tenant demand, office buildings in this sector currently are among the most sought-after investment opportunities." |
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