Office complex purchased in 1031 exchange

Price per square foot nearly $344

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

CB Richard Ellis recently represented WR&E-Chester LLC in the sale of a two-building, 32,000-square-foot office complex in Chester, N.J. The property, located at 2-4 Mill Ridge Road, sold for $11 million. It was built in 2006. Devan Gardens LLC, a local private investor, purchased the property through a 1031 exchange. The property is under a lease for more than 11 years to pharmaceutical company Adams Respiratory Therapeutics. ...