The geographically diverse portfolio, which was approximately 93% leased at the time of sale, consists of five properties in a corporate campus setting in Morris Plains, NJ, 10 properties located in corporate parks in Elmsford and Port Chester in Westchester County, NY, and 10 properties in Fairfield and New Haven Counties, CT, including five properties in a Interstate 95 corporate campus in Orange, CT. The portfolio also allows for development potential at two-acre and five-acre (plus or minus) sites in Connecticut.


Baker Portfolio

The 104,000-sf 60 Marsh Hill Rd., Orange, CT asset was pulled from the original 26-asset portfolio. It has 29% office, 71% industrial, is 100% occupied and will be sold for $11 million to the Southern Connecticut Gas Co., who exercised their first right of refusal purchase option, according to a CBRE release. With this sale included, the 26-assets will trade for $220 million.

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