Rockaway corporate center changes hands

Investment duo purchases 7-story office building

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

Grosvenor Investment Management and Lincoln Equities Group LLC teamed up to purchase the Rockaway 80 Corporate Center at 100 Enterprise Drive in Rockaway, N.J. The team purchased the 259,473-square-foot class A office building from Onyx Equities for an undisclosed amount. The property is situated in western Morris County on a 10.96-acre site, and is adjacent to the Rockaway Townsquare Mall. A two-story parking deck is situated at the front of the site, as well as covered executive parking beneath the building and several surface lots. Grosvenor is a privately owned international property group. Lincoln Equities Group of Rutherford, N.J. owns, invests in and develops commercial properties in the New York metropolitan area. ...