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KBS sells 629,000-SF Woodbridge Corporate Plaza in Iselin for $88M


KBS sells 629,000-SF Woodbridge Corporate Plaza in Iselin for $88M
Class A office complexis 90% leased
Woodbridge Corporate Plaza in Iselin. – KBS
KBS on May 24 announced it sold Woodbridge Corporate Plaza, a six-building, Class A office complex in Iselin to Ramapo, N.Y.-based Northeast Capital Group for $88 million.
“The New Jersey office market is home to a diverse roster of Fortune 500 companies and tenants who are drawn to a highly accessible, regional location,” says Marc DeLuca, eastern regional president for KBS. “Woodbridge Corporate Plaza is defined by its proximity to the intersections of Interstates 95, 278 and Route 1 with exceptional mass transit connectivity via Amtrak, New Jersey Transit and the Metropark Station.” ....

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NJ office complex trades for $88M | Real Estate Weekly


CRE investment giant KBS has sold Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, NJ, for $88 million.
The property was sold to Ramapo, New York based Northeast Capital Group in a deal brokered by  Newmark.
“The New Jersey office market is home to a diverse roster of Fortune 500 companies and tenants who are drawn to a highly accessible, regional location,” said Marc DeLuca, Eastern regional president for KBS. “Woodbridge Corporate Plaza is defined by its proximity to the intersections of I-95, I-278 and Route 1 with exceptional mass transit connectivity via Amtrak, New Jersey Transit and the Metropark Station.” ....

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KBS Sells 629,189 Square-Foot Class A Office Complex in Iselin, New Jersey for $88 Million

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Northeast Capital Pays $15M for Miami Office Building


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Northeast Capital pays $15M for Miami office building
The seller bought the building for $11M in 2017
Miami /
5040 Northwest Seventh Street (Google Maps, iStock)
An affiliate of a private equity investment firm paid $14.5 million for a nine-story office building south of Miami International Airport.
The Northeast Capital Group affiliate bought the building at 5040 Northwest Seventh Street in Miami, according to records.
The seller is a company managed by Menachem Gurevitch of Netz Group and Mandy Management, real estate companies with offices in Israel and Connecticut. Last year, a separate Gurevitch-led affiliate paid $18.2 million for an office tower next to the courthouse in Fort Lauderdale. ....

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