ISELIN, NJ – Opal Holdings has purchased the 470,692-square-foot, trophy office tower, 194 Wood Ave. S., in Iselin, NJ, from AIG, in a $140 million transaction.
Cushman & Wakefield arranged the sale of the class A, nine-story, office asset, for a final sales price that represented $297 per square-foot.
The IBM-anchored property is currently 100% leased to seven tenants; nearly 90% of which are investment-grade companies.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
