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

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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