MCC IV is one of Morris County's premier office properties, with two, five-story office buildings totaling 350,917 square feet, connected by a signature, four-story glass atrium lobby.
AMS plans to add an additional 125 apartments to the Silk Lofts site and construct at least two new buildings on the parking lots that surround the property.
“Multifamily properties continue to be in extreme demand and deal velocity remains accelerative, setting the stage for a robust 2018,” says Ken Uranowitz, Gebroe-Hammer's president.
“Location absolutely remains key in New Jersey's industrial market, and the Rockefeller Group Logistics Center provides Best Buy with a prime transportation-oriented location,” says Cushman & Wakefield's Jules Nissim.
"It's a great thing when you put smart people together," says Brad Korman. "It's a great opportunity to branch outside the real estate realm and hear how other business leaders and change-thinkers are looking at the world and what they do, and how that impacts what they could be doing in their industries."
“The property's current occupancy of more than 97 percent combined with its access to retail and superior amenities made it a highly desirable investment for several public and private entities,” says HFF's José Cruz.