ROSELAND, NJ—Westwood Properties has acquired 3 Becker Farm Road in Roseland, NJ from Normandy Real Estate Partners for $17.2 million, or $150 per square foot.
Newmark Knight Frank executive managing director Kevin Welsh, managing director Brian Schulz and associate Chuck Kohaut of NKF's Tri-State Capital Markets team led the transaction.
Westwood Properties is an international real estate fund making its first acquisition in the United States. Westwood defeased the existing CMBS mortgage at closing.
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