FLORHAM PARK, N.J. — CB Richard Ellis (CBRE) has closed on the first part of a $180.7 million office sale in Florham Park. The property, Park Avenue at Morris County, is a six-building, Class A office campus situated on approximately 136 acres at 100-600 Campus Dr.; it contains 1.12 million square feet of office space. The campus is 99 percent occupied by a tenant roster that includes Accenture, BASF, BlackRock, The Hartford Fire Insurance Company, Mapfre Reinsurance, McKinsey & Co., Merrill Lynch, PricewaterhouseCoopers, Quincy Mid Atlantic, Smith Barney, UBS and Wachovia Securities. Jeffrey Dunne, Kevin Welsh and David Gavin of CBRE’s New York Institutional Group, along with Samuel Buckley of the firm’s Saddle Brook, N.J., office, represented the seller in the initial closing of the 100 and 200 Campus Dr. buildings. The team also procured the buyer, KBS Real Estate Investment Trust II. The four remaining buildings will close in the fourth quarter of 2008.
100 Campus Drive is one of six office buildings in Florham Park, N.J., that make up Park Avenue at Morris County, which was sold in a $180.7 million transaction.
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