Crown Acquisitions Acquires New Jersey Office Property for $62M
Crown Acquisitions affiliate First Mile Properties has purchased a 287,392 square-foot office building in Paramus, N.J. for $62 million.
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Crown Acquisitions affiliate First Mile Properties has purchased a 287,392 square-foot office building in Paramus, N.J. for $62 million.
Related paid $58 million for the Hudson River waterfront site, also known as Harborside 4, sources said. The seller was Veris Residential.
In Livingston, the sale of the 293,887-square-foot West Essex Logistics Center marks the successful redevelopment of former office space.
Veris Residential Inc. completed its previously announced $420 million sale of Harborside 1, 2 and 3 in Jersey City.
Harborside Financial Center Plaza sold for $420 million to 601W Companies, something brokers thought wouldn’t happen in today’s market.