Cushman & Wakefield arranged the sale of 2100 North Central Road in Fort Lee, N.J., in one of the highest per-square-foot-price office property transactions in the city’s history, according to a press statement.

A group of Korean buyers purchased the 139,000-square-foot, class A asset for $44.4 million from a partnership involving Normandy Real Estate Partners and Wafra Investment Advisory Group.

“At almost $320 per square foot, this sale reflects the desirability of trophy-caliber product in northern New Jersey,” said Cushman & Wakefield’s Andrew Merin.

When Normandy bought the property in 2005, it was fully leased to Mellon HR Solutions, which has since been sold to Affiliated Computer Services.

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
Announcing Inman Connect Now, our first fully digital event.Get Tickets×