Cushman & Wakefield arranged the sale of 2100 North Central Road in Fort Lee, N.J., in one of the highest per-square-foot-price office property transactions in the city’s history, according to a press statement.
A group of Korean buyers purchased the 139,000-square-foot, class A asset for $44.4 million from a partnership involving Normandy Real Estate Partners and Wafra Investment Advisory Group.
“At almost $320 per square foot, this sale reflects the desirability of trophy-caliber product in northern New Jersey,” said Cushman & Wakefield’s Andrew Merin.
When Normandy bought the property in 2005, it was fully leased to Mellon HR Solutions, which has since been sold to Affiliated Computer Services.
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