Former real estate brokerage headquarters sold

Space no longer occupied by leaseholder

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On behalf of K-Line Realty, CB Richard Ellis recently completed the disposition of 535 Mountain Ave., its 145,874-square-foot former corporate headquarters in New Providence, N.J. The value of the transaction was $20 million. Edison, N.J.-based RCC Real Estate Holdings purchased the property, which is currently unoccupied, according to a press statement. Located in a corporate park setting, 535 Mountain features a large cafeteria, fully equipped fitness room, large floor plates, and easy access to Route 78. Los Angeles-based CB Richard Ellis is a commercial real estate services firm operating worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....