New Jersey’s Southfield Center sold

Office space includes more than a dozen acres

A subsidiary of New York-based Navika Capital Group LLC recently purchased the Southfield Center in South Plainfield, N.J., for $19.6 million. Southfield Crown Realty acquired the 160,000-square-foot, class A office building from Realty Associates Iowa Corp. The three-story asset is situated on nearly 15 acres at the intersection of Cragwood and Hadley roads, and features an on-site sundries/sandwich shop and daycare center. At the time of sale, the property was 92 percent leased. ...