CBRE closes sale of 200,000 s/f office building.On behalf of the seller, Ficon Technology, Inc., a subsidiary of Conexant Systems, Inc., CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. (CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) ) announced it has sold a 205,000 s/f office building located at 90 Matawan Road in Old Bridge, New Jersey to Normandy Real Estate Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Prior to putting the building on the market for sale, CBRE, acting as exclusive agent for the seller, completed a lease with Health Net, Inc. for the entire 42,432 s/f fifth floor, which will be used as a healthcare office. Health Net will occupy the space starting in January of 2005. CBRE's Geoffrey L. Schubert, senior vice president, was the lead broker in both the lease and sale of this property. The CBRE team also included Senior Associate John Kaye For other persons named John Kaye, see John Kaye (disambiguation). John Kaye is an Australian politician. He was elected to the New South Wales Legislative Council at the 2007 state election. He was the Greens second candidate on a ticket headed by sitting MLC Lee Rhiannon. , and Associates Ryan Walsh Ryan Walsh is an American poet of some minor fame. Poems of note include Walking the Path and the crowd pleasing lyric On the Failed Transplanting of an Apple Tree. That link doesn't actually work. External links
"It was a pleasure working with both Conexant Systems, Inc. and Normandy Real Estate Partners, LLC on this meaningful transaction," Mr. Schubert said. "We are extremely proud to have successfully satisfied both companies' requirements. 90 Matawan Road. was a great value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. opportunity for Normandy Real Estate Partners, LLC which was pleased to invest in such a high-quality office facility with a strong corporate image and excellent visibility. "This building profiled the type of real estate that Normandy Real Estate Partners, LLC is acquiring throughout the State of New Jersey and the tri-state area." As the agency representative on the building, CB Richard Ellis worked with the procuring broker, Cushman & Wakefield, to complete the long-term Health Net lease transaction. 90 Matawan Road, also known as Metro Park South, Phase II, is a 205,000 s/f facility with 160,000 s/f immediately available for lease. The building is located at a four-way interchange of the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". at Exit 120 in Old Bridge, NJ, adjacent to a NJ Transit commuter station and Park and Ride. The building affords beautiful views of Raritan Bay and has state-of-the art mechanical systems. Health Net, Inc. is among the nation's largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. |
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