NORTH BERGEN, NJ-CBRE has accomplished the sale of Liz Claiborne Inc.'s 20-year-old headquarters office building here to a Colorado company that will be looking to reposition it as a multi-tenant property. GlobeSt.com has learned the building sold for approximately $9.5 million.
CBRE's Institutional Group collaborated with its Midtown Manhattan and Saddle Brook offices to represent Fifth & Pacific Companies Inc. (the name for Liz Claiborne Inc. since last year) on the sale of 5901 West Side Avenue in North Bergen. The team also found the buyer, an affiliate of Real Capital Solutions of Louisville, CO.
The team of Jeffrey Dunne, Kevin Welsh and Brian Schulz partnered with with Amanda Bokman in Midtown and David Opper of CBRE's Saddle Brook office to sell the 296,554-square-foot building, developed to suit Liz Claiborne in 1993. The retail company was merged with JC Penney, becoming FNPC last year.
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