TA Associates nabs New Jersey office property

Geometry Fund V relinquishes 117,402 square feet

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GVA Williams announced Geometry Fund V closed on the sale of 240 Cedar Knolls Road, a 117,402-square-foot office building in Hanover Township, N.J. The value of the transaction was not disclosed. The 4-story property was constructed in 1981 and is situated on approximately 14 acres. At the time of sale, the building was 87 percent leased to a variety of tenants, including Greenwich Home Mortgage, Xybion Corp, Vision Creative Group and Aetna. Waldwick, N.J.-based Kwartler Associates assisted the purchaser, Boston-based TA Associates, in the transaction. Parsippany, N.J.-based GVA Williams is a full-service real estate company. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story. ...