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ISELIN, N.J. — CB Richard Ellis has completed the sale of a 98,459-square-foot office building located at 186 Wood Ave S. in Metropark in Iselin. Set on 19.43 acres, the property is also approved for 474,000 square feet of Class A office space. Jeffrey Dunne and Kevin Welsh of CB Richard Ellis' New York Institutional Group collaborated with Jeffrey Babikian to represent Siemens Shared Services, LLC, an entity controlled by Siemens Corporation, in the sale. The team was also responsible for procuring the buyer, Hampshire Global Partners, an entity controlled by The Hampshire Companies, which plans to re-develop and upgrade the office building and develop the balance of the site over time. The sale price was undisclosed.