WARREN, NJ – Joint-venture partners Exan Capital and Mirabaud Group have purchased two class A office buildings in Warren, NJ for nearly $150.3 million.
The partnership acquired the properties from a joint-venture between affiliates of Rubenstein Partners L.P. and Vision Real Estate Partners. The buyers purchased the assets with assistance from a five-year, fixed-rate loan, secured by JLL through New York Life Real Estate Investors.
The transaction's purchase price represents $477 per-square-foot.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
