Parkway 120 changes owners

Huge vacancy reported at closing

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CB Richard Ellis represented Normandy Real Estate Partners LLC in its disposition of a 211,800-square-foot office building in Old Bridge, N.J. The value of the transaction was not disclosed. Parkway 120 is a class A property located at 90 Matawan Road. Building amenities include covered parking, a two-story atrium and cafeteria. Vision Equities LLC and its partner, Grosvenor Investment Management of London and Philadelphia, purchased the property. At the time of sale, 111,450 square feet, or 52.6 percent of the building, was available for lease. Normandy Real Estate Partners is a fully integrated real estate investment management company based in Morristown, N.J., with offices in Boston and New York City. ...