Real Capital Solutions has made a name for itself investing in workout and distressed properties, but CBRE brokers say this is a different type of move for the company.

“The acquisition provided Real Capital Solutions with the unique opportunity to acquire a well-located, corporate headquarters-quality office building with excellent access to Midtown Manhattan and major highways,” Welsh says. The company saw a “substantial upside” in the opportunity to keep FNPC as a tenant and lease the vacant space is the way he put it.

The property is one of the newer buildings in the Meadowlands market, CBRE said while marketing it, and it possesses above-standard infrastructure.

Located just on the other side of the Lincoln Tunnel from Manhattan and two miles from the four-way interchange of the New Jersey Turnpike and Route 3, the building has highly divisible space suited for multiple tenants. It is also equipped with redundant electrical power and excess cooling and electrical capacity.

The headquarters-quality complex has a five-story lobby, conference center, full-service cafeteria, fitness center with locker rooms and showers, and ample parking – most of it covered.