C&W completes blockbuster New Jersey sale.Cushman & Wakefield's Metropolitan Area Capital Markets Group (CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group ) has finalized the sale of three northern New Jersey office properties on behalf of a partnership between Investcorp, Crow Holdings Realty Partners and Lincoln Equities Group. The team represented the sellers and also procured INVESCO Real Estate and Onyx Equities as the purchasing entities in this transaction. The properties include Meadows Office Complex in Rutherford, acquired in a joint venture between INVESCO Real Estate and Onyx. The 578,000-square-foot, Class A property is located at 201-301 Route 17 North, at the junction of Route 3 in Rutherford, New Jersey Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 18,110. Rutherford was formed as a borough by an Act of the New Jersey Legislature on September 21, 1881, from portions of Union Township, . The two-building complex was 85 percent leased at the time of the sale. INVESCO Real Estate also purchased Eagle Rock Executive Offices IV, a 178,000-square-foot, Class A asset located at 120 Eagle Rock Avenue in East Hanover East Hanover is the name of the following places in the United States of America:
The building is 95 percent occupied by notable tenants including Prudential, Ceridian and Market Measures, among others. Onyx Equities was the sole buyer for Rockaway 80 in Rockaway. Located at 100 Enterprise Drive, the 257,000-square-foot building is 86 percent leased to Hartford Fire Insurance, Warner Chilcott Warner Chilcott (formerly Galen) is a Northern Irish pharmaceutical company. It is primarily focused on two core therapeutic areas: women’s healthcare and dermatology. The company has 930 employees in Ireland, the UK, USA and Puerto Rico. and Reed Elsevier. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Gary Gabriel, an executive director with the Metropolitan Area CMG, Investcorp and Crow Holdings Realty Partners acquired the buildings as part of a larger portfolio recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. in 2000 with Lincoln Equities. "This strategic disposition achieved a solid return on their initial investment as the sellers took advantage of record demand for quality office assets in the region," he said. At the same time, Gabriel, who worked with partners Andrew Merin and David Bernhaut, as well as Jose Cruz Jose Luis Cruz (Cheo) can refer to different people:
"Undertaking the simultaneous purchase of all three properties illustrates the depth of both companies as they continue to expand their office holdings in the region," he added. "We are delighted to have been instrumental in identifying and securing prime real estate for these highly successful investment groups." |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion