Northeast

SOMERSET, N.J. — Private equity fund manager NextBridge Group has acquired a 164,000-square-foot office property in Somerset. The four-story building is located on 10.1 acres at 220 Davidson Ave. Constructed in 1984, the property features a cafeteria, fitness centers and 648 parking spaces. Tenants include McKesson Information Solutions,, American Arbitration Association, Kyocera, Prudential, National Resources Conservation Services and SVM E-Business Solutions. The Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel and Thomas Walsh represented the seller, an institutional lender, and procured NextBridge.

WOODBRIDGE, CONN. — A private investor affiliated with Aliquant Corp. has acquired a 50,000-square-foot office building in Woodbridge for $5.07 million. Woodbridge Corporate Park is a three-story building that was constructed in 1988. It was 65 percent occupied at the time of closing. Aliquant Corp. plans to move its headquarters into 15,000 square feet of the building. Steven Inglese of New Have Group represented the buyer in the deal. Inglese also helped the buyer procure acquisition financing through NewAlliance Bank. The seller is an entity controlled by Boston-based Paradigm Properties. The seller's representative was Bob Motley of Cushman & Wakefield.

ACTON, MASS. — KBS Realty Advisors has sold an Acton office park to a joint venture between National Development, Winrock Partners and Charles River Realty. Nagog Park comprises nine two- and three-story buildings situated within a 120-acre, master-planned corporate park. The nine buildings total 385,556 square feet and were constructed between 1983 and 1997. Tenants at Nagog Park include Liberty Mutual, BAE Systems, Verizon/MCI, Tatara Systems, Mintera Corp. and Azuki Systems. The Cushman & Wakefield Capital Markets Group of Robert Griffin, Jr.; Edward Maher, Jr.; David Pergola; Christopher Griffin and Brian Doherty represented the seller and procured the buyer. The acquisition price was not released.