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NJ office complex trades for $88M | Real Estate Weekly

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.” ....

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KBS Sells 629,189 Square-Foot Class A Office Complex in Iselin, New Jersey for $88 Million

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