CB Richard Ellis’ New York Tri-State Investment Team represented Mt. Rockaway Property LLC in the sale of the 95,500-square-foot Rockaway Executive Center in Rockaway Township, N.J.

The value of the transaction was $22 million.

Mt. Rockaway Property LLC, an entity owned by affiliates of Wexford Capital LLC and U.S. Realty Advisors Inc., sold the property to The Newkirk Master Limited Partnership.

Rockaway Executive Center is a class A, three-story office building located at 333 Mount Hope Ave. The building, which was completely renovated in 2002 at a cost in excess of $7 million, and is 100 percent leased to the BASF Corp. through Sept. 30, 2014, as the home of the company’s Information Services Group.

The BASF Corp. is the North American affiliate of BASF AG, a global chemical company.

The CB Richard Ellis New York Tri-State Investment Team specializes in the sale of investment properties in the suburban markets surrounding New York City, as well as select regional markets throughout the country.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×