EAST HANOVER, NJ—Bergman Real Estate Group has acquired 100 Eagle Rock Avenue, a 90,000 square-foot office property in East Hanover, NJ, for about $6.4 million in a joint venture with a vehicle managed by Rialto Capital Management, a wholly owned subsidiary of Lennar Corporation.
Michael DiFede, Bergman's director of acquisitions, and Michael J. Brody, principal of Garden State Office Properties, represented Bergman Real Estate Group in the acquisition. Gary Gabriel and Kyle Schmidt of Cushman & Wakefield represented the seller, TA Associates.
“This offering provided an excellent opportunity to capitalize on the timing in the market and acquire a well-maintained, class A office property strategically located with easy access to major highways and within close proximity to area amenities,” says DiFede.
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