HFF closes sale of 95,620-square-foot office building in Somerset County, NJ

  

1125 Route 22 Office Building Along Route 22 West Just off Interstate 287, Somerset County, NJ

Jose Cruz

  

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 1125 Route 22, a 95,620-square-foot, fully-leased office building in Somerset County, New Jersey.

HFF marketed the property on behalf of the seller, KBS Realty Advisors and procured the buyer, a partnership of Atkins Companies and Capital Solutions, Inc. 

1125 Route 22 is located along Route 22 West just off of Interstate 287 about an hour drive from Manhattan.  This location provides tenants with easy access to commuter roadways such as Interstates 78 and 95, and it is located only three miles from the Raritan train station that provides service to Manhattan and connections to Philadelphia and Washington, D.C.

 The property consists of two separate wings and is occupied by two tenants: Bank of America and MidJersey Health Corporation (a joint venture of Hunterdon Healthcare System and Atlantic Health System), and has been recently updated with improvements to its roof, landscaping, installation of a new building management system and a new parking lot. 

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Stephen Simonelli and Michael Oliver and associate director Marc Duval.

“The property’s location and access to Route 22 and Interstate 287, as well as the new medical tenant with an extensive build-out, made this asset highly sought after by the investor community,” stated Cruz.

   For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes $259 million sale of 1325 and 1341 G Street in Washington, DC

  

1325 and 1341 G Street Office Building, East End Submarket, Washington, DC

Andrew Weir

WASHINGTON, DC. –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $259 million sale of 1325 and 1341 G Street, two Class A office buildings totaling 440,419 square feet in Washington, D.C.’s East End submarket.

HFF arranged the sale of the property on behalf of the sellers, Westbrook Partners, LLC and TIER REIT, and procured the buyer, UNIZO Holdings Company, Limited, on an off-market basis.

1325 and 1341 G Street are located just two blocks from the White House and one block from the Metro Center metrorail station providing public transit to the entire D.C. area.  1325 G Street, which features 307,705 square feet, was originally built in 1969 and renovated in 2017. 

Originally built in 1903, 1341 G Street NW (The Colorado Building) has also been updated and has 132,714 square feet of office and retail space. 

In June 2015, HFF arranged a joint venture between Westbrook Partners and TIER REIT on an off-market basis. The new venture undertook a significant repositioning – including a lobby renovation – and in so doing achieved approximately 150,000 RSF of leasing activity, thereby increasing occupancy and the weighted average remaining lease term significantly.  In conjunction, the seller also significantly improved the tenant profile offered by the assets. 

The HFF investment sales team representing the seller was led by Andrew Weir, Stephen Conley, Jim Meisel, Dek Potts and Matt Nicholson.

   For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.unizo-hd.co.jp/en/

www.tierreit.com

HFF closes sale of 408,000-square-foot Miami CBD office tower

 

Hermen Rodriguez

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 1221 Brickell, a 408,423-square-foot, iconic office building in Miami’s Brickell Financial District.

HFF represented the owner in the sale of 1221 Brickell to Rockpoint Group LLC.  Additionally, HFF represented the prior owner of 1221 Brickell in the 2006 sale to the current joint venture.

1221 Brickell Avenue is located on the “Main and Main” corner of Brickell Avenue and Coral Way in the core of Brickell Avenue, Miami’s premier office submarket.  

The 26-story tower occupies an entire city block and is leased to a high-quality roster of local, national and multinational tenants, including Lydecker Diaz, Regus, Banco Do Brasil, Safra National Bank of New York and Clyde & Co. 

1221 Brickell offers tenants an array of amenities, including various restaurants, a conference facility, 24-hour security, dry cleaning service, a 5,000-square-foot daycare center, ample parking and a car wash facility. 

Manuel de Zarraga

The HFF investment sales team representing the seller was led by senior managing director Hermen Rodriguez, executive managing director Manny de Zarraga, director Ike Ojala, associate director Tracey Good and senior analyst Christina Kong. 

“This offering attracted top domestic and foreign investors as the Miami CBD continues to be a very sought after market,” stated Rodriguez.

From the beginning of 2016 through first quarter 2017, HFF has closed over $45.3 billion of investment sales transactions nationally, including approximately five million square feet of office sales in South Florida.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com