July 10, 2017
Investors paid $98.5 million for 211 Mount Airy Rd., a 306,194-square-foot office property in Basking Ridge, NJ.
Rubenstein Partners and Onyx Equities sold the property after completing an extensive redevelopment of the 1980s building that culminated in the signing of a 16-year lease of the entire building to Daiichi Sankyo, Inc.
“Together with Onyx, we were able to create a truly unique office product, that was ideal for a large tenant desiring a headquarters-quality office campus,” said Stephen Card, principal and the regional director of Mid-Atlantic for Rubenstein, which had purchased the property with Onyx in late 2013.
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