According to a source, the transaction was arranged by JeffreyR. Dunne and Jeffrey J. Oram of CB Richard Ellis' Tri-StateInvestment team, who represented the seller and brought theBoston-based buyer to the deal. Neither the identity of the sellernor the sale price were disclosed. However, one source estimatesthat the price is in the $18-million range. The various partiesinvolved in the sale declined to comment.

The three-story Eagle Rock II itself, which features a two-storyatrium, is currently 95% leased to multiple tenants includingLiberty Mutual, accounting/consulting firm Friedman LLP, datawarehouser Conversion Services International and Key StrategiesInc., an executive recruitment firm. Built in 1987, the buildingsits near I-287. The available space is being listed by CBRE at$20.50 per sf.

TA Associates, meanwhile, has been active recently in buying andselling office product in the New Jersey marketplace. Just a weekago, as reported by, TA sold the 271,000-sf 99 Wood Ave. in Iselin,NJ, in the MetroPark submarket. Rreef was the buyer in thattransaction, paying an estimated $70.5 million, according to asource.

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