 |
| 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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