CRE investment giant KBS has sold Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, NJ, for $88 million.
The property was sold to Ramapo, New York based Northeast Capital Group in a deal brokered by Newmark.
“The New Jersey office market is home to a diverse roster of Fortune 500 companies and tenants who are drawn to a highly accessible, regional location,” said Marc DeLuca, Eastern regional president for KBS. “Woodbridge Corporate Plaza is defined by its proximity to the intersections of I-95, I-278 and Route 1 with exceptional mass transit connectivity via Amtrak, New Jersey Transit and the Metropark Station.”