June 14, 2017 Comments Off on 25 Years to Buy Four Acres in Saddle Brook, NJ Views: 419 New York News, Tri-State Area New York

25 Years to Buy Four Acres in Saddle Brook, NJ

Key Properties finally assumed full ownership of 270 Market St. in Saddle Brook, NJ — 25 years after the firm brought a ground lease to the property in the mid-1980s.

“This property had a very complex, multi-layered ownership structure including the land lease, a master tenant and multiple subtenants,” said David Schlussel, co-managing partner for Key. “Over the years, we have purchased these different layers – one piece at a time – to gain greater long-term control. The last hurdle involved the acquisition of 270 Market Street’s fee position.”

The property includes a fully-occupied, 78,000-square-foot building that serves as home to United Supply Corp.

Connect with Key’s Schlussel

For comments, questions or concerns, please contact Bendix Anderson


Subscribe to Connect Daily New York

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.