Normandy sells Fort Lee trophy.

Normandy Real Estate Partners has announced the $44.4 million sale of 2100 North Central Road in Fort Lee, New Jersey to a local private investor.

Normandy and joint venture partner Wafra Investment Advisory Group acquired the 139,000 s/f Class A office building in 2005. The sale represents one of the highest prices per square foot ever paid for an office building in the Fort Lee submarket.

Upon Normandy's acquisition of 2100 North Central Road, the facility was fully net leased to Mellon HR Solutions. Normandy was able to structure a lease termination agreement with Mellon while simultaneously identifying a user/buyer who was in need of a vacant office building for their headquarters.

Giorgios Vlamis, a Director at Normandy commented, "By being able to work out a lease termination with Mellon while simultaneously identifying a suitable buyer for this asset, we were able to achieve all of our investment objectives as well as those of Mellon and the buyer."

The highly visible building, adjacent to the George Washington Bridge is composed of seven floors of office space atop six levels of parking.

Andrew Merin, vice chairman; David Bernhaut, executive vice president; Gary Gabriel, executive director; and Jose Cruz, senior director, of Cushman & Wakefield of New Jersey, Inc. were responsible for representing Normandy in this sales transaction. Meister Seelig & Fein LLP provided legal counsel to Normandy.