And JGPCO has hired Jones Lang LaSalle to find that end-user or buyer. For the latter firm, managing directors Robert Kossar and David Knee, and VPs Chris Hile and Blake Chroman, all of the Hasbrouck Heights office, have the assignment. Construction cost is not disclosed.
"This site is suited for companies that want to be located in the Meadowlands submarket, and/or have close proximity to Manhattan," says Kossar, noting that the property is at the intersection of routes 3 and 17. "And since approvals and permits are already in place, construction can begin immediately.
JGPCO acquired the property in 2004 from the Roseland, NJ-based Bellemead Development Corp., the former development arm of insurer Chubb Corp.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.