Gaia, which has its headquarters in New York and regional offices in Connecticut, Texas and New Jersey, acquired the 2 Journal Square office tower in Jersey City from Hartz in 2012.

Gaia's portfolio includes 13,000 apartments and 600,000 square feet of office space located throughout the United States.

“The (Secaucus) building allows NYC-headquartered companies to have a workforce close to the city with much lower cost,” said Fishman and Yerushalmi in prepared remarks. The Secaucus office is situated only six miles from E&Y's world headquarters at 5 Times Square in Manhattan, they noted.

CBRE's Dunne said there was considerable interest in 200 Plaza Drive, and that Gaia “should do well with this high-quality investment.”

The building is within Harmon Meadow, a 4.4-million-square-foot, mixed-use complex with numerous restaurants and hotels, national and big box retail, the newly-developed LA Fitness club and a 14-screen movie theater.

The nearby Secaucus Junction Train Service has direct service to Midtown. There is shuttle service from Harmon Meadow to the station and bus routes.

The CBRE NY Institutional Group specializes in the sale of investment properties in the suburban markets surrounding New York as well as select regional markets.

The insurance companies Menora Mivtachim and Phoenix are both based in Israel. Phoenix owns more than $1 billion in commercial real estate real estate located in Israel and overseas.