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GE Credit Sells Hackensack Office for $10.25M

HACKENSACK, NJ—GE Credit Equities has sold 2 University Plaza in Hackensack, NJ to Venture Hackensack for $10.25 million. Newmark Grubb Knight Frank brokered the deal for GE.

By Steve Lubetkin | Updated on January 24, 2016

HACKENSACK, NJ—GE Credit Equities has sold 2 University Plaza in Hackensack, NJ to Venture Hackensack for $10.25 million.

The 148,453 square-foot, six-story building is 72 percent occupied and had 33 tenants at the time of the sale. Newmark Grubb Knight Frank Capital Markets handled the transaction for GE, with executive managing director Steven Schultz, managing director Tony Georgiev and director Josh Malka, and managing director Blake Goodman, who served as the leasing specialist represented the seller.

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