Friday, December 22, 2017

HFF announces $28 Million sale of Class A office building in Bergen County, NJ


Jose Cruz
FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $28 million sale of 300 Tice Boulevard, a Class A office property totaling approximately 240,000 square feet in Woodcliff Lake, New Jersey.

The HFF team represented the seller, Mack-Cali Realty Corporation, and procured the buyer, BHN Associates, Inc., in conjunction with Hudson Equities Inc.

300 Tice Boulevard is situated within Bergen County and benefits from easy access to several of the main thoroughfares in the state, including the Garden State Parkway, Routes 4 and 17, and Interstate 80, which provide access to northern and central New Jersey as well as Manhattan about 20-25 miles southeast. 

The three-story property is 65 percent leased, including notable tenants such as KPMG and Volkswagen.  Constructed in 1991 on 20 acres, the building features an attractive granite facade, four atriums including an impressive lobby, a full-service cafeteria with dining area, fitness center, walking path and covered parking.

The HFF investment advisory team representing the seller included senior managing director Jose Cruz, managing director Kevin O’Hearn, senior directors Michael Oliver and Stephen Simonelli and director Marc Duval.

“300 Tice is the latest office building to trade out of the Mack-Cali portfolio.  We had great interest in the asset given the quality and upside in the deal,” stated Cruz.

HFF and Holliday GP Corp. ("HFF") are licensed New Jersey real estate brokers.


For more information about this release contact:

Kristen Murphy
Director, Public Relations
T: 617-848-1572
 |  M: 617-543-4873


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