FORT LEE, N.J. — A BFE affiliate has sold the fully leased Polygon Plaza in Fort Lee’s redevelopment district to H&M Group Inc., a New York investor, for $22 million. The 90,000-square foot property is located at 2050 Center Ave. BFE acquired the building in 1994 for $6.4 million from Connecticut Mutual Life, which had acquired it through a foreclosure. Today, Polygon Plaza is leased to a mix of small and mid-sized tenants, including many long-term occupants. Trans-Hudson Management Corp., a BFE affiliate, will continue to manage the building for the new owner. Andrew Merin, David Bernhaut, Gary Gabriel and Brian Whitmer of Cushman & Wakefield represented BFE in the sale. Ashley Kim and Bowen Pak of Eastern International Realty Inc. served as co-brokers for the seller in the transaction.
Polygon Plaza is a 90,000-square-foot office property located at 2050 Center Ave. in Fort Lee, N.J.
H&M Group Buys Polygon Plaza in Fort Lee from BFE Affiliate for $22M
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