SOLD:  $62 MILLION - 1031 Exchange
CLOSED  OCTOBER 2016
100 Plaza Drive
Secaucus, NJ
 
CBRE Institutional Properties represented Harbor Group International in the $62 million sale of 100 Plaza Drive, a 264,973 square-foot office building in Secaucus, New Jersey, to private investor Howard Hershkovich as part of a 1031 exchange.

100 Plaza Drive is 100% leased and 93% anchored by NBA Entertainment and Scholastic. NBA Entertainment invested approximately $30 million in their state-of-the-art production space. The Property is located within the iconic mixed-use Harmon Meadow complex at the crossroads of Route 3 and the New Jersey Turnpike, the region’s premier 4.4 million SF live/work/play/stay environment, just four miles from Manhattan.
 
For more information about
this transaction, please contact:

Jeffrey Dunne
Vice Chairman

Kevin Welsh
Senior Vice President

Gene Pride
Senior Vice President

Steven Bardsley
Senior Vice President

David Gavin
First Vice President

Brian Schulz
Vice President
PARK 80 WEST, PLAZA II || Saddle Brook, NJ 07663 || +1 201 712 5600200 PARK AVENUE || New York, NY 10166 || +1 212 984 8000201 TRESSER BOULEVARD, SUITE 201 || Stamford, CT 06901 || +1 203 329 7900
 
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