Sonnenblick-Goldman Company.Sonnenblick-Goldman Company, acting as the exclusive advisor to a partnership led by Gale & Wentworth and Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Real Estate
Fund III, has arranged the sale of Three Gateway Center in Newark, N.J.
The partnership retains its ownership in One Gateway Center and Four
Gateway Center. TahlPropp Equities of New York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of purchased the 478,500 SF, class "A" office building with an adjacent surface parking lot. Three Gateway Center is a 19-story office tower, with a glass curtain facade facade (fəsäd`), exterior face or wall of a building. The term implies ordered placement of its openings and other features and thus seems inapplicable to a wall without design. and a six-story , glass-enclosed atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. lobby. Three Gateway Center is currently 100% leased on a triple net basis for a 15-year term to The Prudential Life Insurance Company of America, at 40% below current market rent. The $57 million sale price results in a going-in cap rate of 8.8%. Built in 1984, Three Gateway Center is part of The Gateway Center complex, a mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. comprised of four high-rise office buildings totaling 2 million SF and a 253-room Hilton Hotel. |
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