Florida Virtual Houses

Office Sale Suggests Northern New Jersey Still Attractive

February 3rd, 2009

Proving that, even in today’s stalled markets, large-scale deals are getting done, CB Richard Ellis Investors has acquired the 420,000-square-foot Metropolitan Center in East Rutherford, N.J., from ING Clarion. The deal represented the third time in five years that the Class A office property has changed hands and is more evidence that high-profile assets located in prominent markets are still attracting buyers.

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