Wells Real Estate Investment Trust II Inc. on Wednesday announced it purchased the Eagle Rock Executive Office Center IV in East Hanover, N.J., for an undisclosed price.

Invesco sold the three-story, 178,000-square-foot building, which is located in Eagle Rock Executive Park.

The property, built in 1990, was 95 percent leased at the time of purchase, with multinational human resources and payment solutions company Ceridian among the tenants.

This is Wells REIT II’s fifth property in northern New Jersey, according to a press statement. The company now owns 58 buildings in 19 states, including Washington, D.C.

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
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
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