Real Estate
Roseland Office Building Sells for $16.7M
A 281,762-square foot office building in Essex County has sold for a price of $16.7 million.
ESSEX COUNTY, NJ — A 281,762-square foot office building in Essex County has sold for a price of $16.7 million, according to a news release.
CBRE Group Inc. announced last week that it represented a “special servicer” in the sale of 4 Becker Farm Road in Roseland. The property is located in the 280 Corporate Center Business Park.
Currently 95 percent leased, 4 Becker Farm Road offers a “strong credit rent roll with two of the most recognizable professional services companies in the country,” KMPG (91,003-square feet) and CohnReznick (155,993-square feet), according to a statement from the CBRE group.
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No additional information was immediately provided about the sale.
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Photo: CBRE Group Inc.
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