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MONTVALE, N.J. — CB Richard Ellis Realty Trust (CBRE) has acquired a Class A office building located in Montvale. The two-story, 142,500-square-foot property is situated on 35 acres at 225 Summit Ave. It is currently occupied by Medco Health Services, which is subleasing the space from Barr Pharmaceuticals. The property was built in 1966 and underwent an $8.5 million renovation in 2007. Amenities include a 300-seat cafeteria and 480 parking spaces. The seller was a partnership between a fund managed by Urdang Capital Management, Ivy Equities and Paragon Realty. The Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel and Jared Zimmel represented the partnership. The same team also procured the buyer.