855skyhouse Buy Houses for Sale in New Jersey For $47 Million
Find out homes for sale in New Jersey! 855SkyHouse is USA #1 real estate in New Jersey helping you find out the dream house of your desire.
new jersey (I-Newswire) February 27, 2014 - 855SkyHouse, NEW JERSEY-Realtors announced today that affiliates of the company have acquired 100 Plaza Drive, a 265,000 square foot, four-story office building mainly occupied by NBA Entertainment and Scholastic Corporation from an associate at a acquire price of $47 million.
"100 Plaza Drive is a leading property leased above all to two highly creditworthy tenants on long period leases," said CEO of 855SkyHouse. "This suitable, amenity-fill possessions is a perfect fit for our portfolio of Class A office possessions and an perfect chance to give solid returns to our shareholders."
Resident promise to the possessions is good, as NBA Properties invested $43 million in base building and infrastructure to its freedom.
The belonging is located within the Harmon Meadow complex, a 4.4 million square foot combined-use development, which includes numerous tenant amenities such as eating places, parking, bars and retail - everything within walking distance of the possessions. Additionally, the property is situated four miles far from Manhattan with numerous, easily-accessed carrying choices.
It has been newly renovated with major capital development to the concealment, roof, HVAC systems, inner atrium and entering ways. The possessions is currently 90% leased and anchored by two main occupants. NBA Properties, with long term leases for 81% of the total square land. The property involves 105 below grade parking places for tenant use as well as entrance to a 1,250-space exterior lot, and 483-space parking deck adjacent to the property.
855skyhouse,New Jersey realtors : Want to sell your home for cash online in New Jersey? Visit 855SkyHouse and fill out our form to get quick cash with minimal fuss. Find out homes for sale in New Jersey! 855SkyHouse is USA #1 real estate in New Jersey helping you find out the dream house of your desire. Welcome to our FAQ section. Here you will find answers to your question. If you're having query not included in FAQ feel free to contact
14 Crandbury Rd
East Brunswick, NJ 08816
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Published On:February 27, 2014
Print Release:Print Release
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