TA Associates nabs New Jersey office property

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.