MONTVALE, NJ-CB Richard Ellis Realty Trust has purchased a recently renovated class A office building here. Although the firm would not disclose the purchase price, an SEC filing places that figure around $40 million. The 142,500-square-foot property is fully leased through 2020. The CBRE Realty Trust team worked with acquisition director Kim Adamek and the acquisitions team from CBRE Investors to acquire this property.
Located at 225 Summit Ave., within the Bergen-Passaic submarket, the two-story corporate headquarters office building underwent an $8.5-million complete renovation in 2007. Improvements included a new fa
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