CBRE Brokers $5.9M Sale/Leaseback of Office Building in Secaucus, New Jersey
SECAUCUS, N.J. — CBRE has brokered the sale of 425 Meadowlands Parkway, a 111,106-square-foot office building in Secaucus, as well as the leaseback of approximately 45,000 square feet of office space currently occupied by the seller. CBRE represented the seller, Meadowlands Parkway Associates, in the transaction. The buyer was CPR Meadowlands Parkway LLC. The deal also involved a lease buyout of tenant Capital One.