May 15, 2020 Comments Off on JLL Capital Markets Closes Two-Building Northern NJ Deal Views: 473 New Jersey, New York News, Tri-State Area New York

JLL Capital Markets Closes Two-Building Northern NJ Deal

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JLL Capital Markets closed the sale of Mountain Heights Corporate Center, a two-building, Class A office complex totaling nearly 303,000 square feet in Berkeley Heights, NJ. The firm represented the seller, EverWest Real Estate Investors, and procured the buyer. Pricing wasn’t disclosed.

The JLL Capital Markets team representing the seller included senior managing directors Jose Cruz and Kevin O’Hearn, and senior directors Steve Simonelli and Michael Oliver. The team was recently included among Connect Media’s Top Broker Award honorees for 2020.

“This transaction is a testament to the hard work completed by all involved, despite the very challenging economic environment,” Cruz stated.

Mountain Heights Corporate Center is located at 420 and 430 Mountain Ave. in the Interstate 78 Corridor submarket of Northern New Jersey. Recent renovations made to the complex led to a surge in new leasing, which resulted in occupancy of nearly 80%.

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