Griffin Sells Office Center in East Hanover, NJ

EAST HANOVER, NJ—Griffin Capital Corporation’s Essential Asset REIT, sold the Eagle Rock Executive Office Center IV in East Hanover, NJ to Boxer F3 LLC, a value add multi-tenant office buyer, for $10.95 million.

The property is a 177,820-square-foot, class A office building 15 miles northwest of Newark. This acquisition marks Houston-based Boxer’s entrance into the New Jersey market. Eagle Rock Executive Office IV was constructed in 1990 and features a granite and reflective glass curtain wall façade, a two-story atrium lobby, a full service cafeteria, and adjacent pond with fountains.