GlobeSt.com EXCLUSIVE: TA Associates Buys Eagle Rock II

EAST HANOVER, NJ-TA Associates has picked up the 89,031-sf Eagle Rock II office building, GlobeSt.com has learned. Also known at 100 Eagle Rock Ave., the building sits on an 8.6-acre site within Eagle Rock Executive Park, a 407,703-sf, three-building office campus. The park’s various buildings have different owners.

According to a source, the transaction was arranged by Jeffrey R. Dunne and Jeffrey J. Oram of CB Richard Ellis’ Tri-State Investment team, who represented the seller and brought the Boston-based buyer to the deal. Neither the identity of the seller nor the sale price were disclosed. However, one source estimates that the price is in the $18-million range. The various parties involved in the sale declined to comment.