The buyer was Baosteel America Inc., a subsidiary of theShanghai, China-based Baosteel Group. The new owner will use thesite as its headquarters, relocating from Hackensack, NJ.Accordia-Meritage was represented by Dave Opper and Rob Norton withCB Richard Ellis, and Baosteel America was represented by GlenDolmage with MRH.
Baosteel will share its new headquarters building with ValleyHealth Care Systems, which signed a lease with the Fairfield,NJ-based Accordia and the Scarsdale, NY-based Meritage just priorto the sale. Meritage's share of the ownership had been on behalfof its Meritage/Oppenheimer Real Estate Value Partners I LPmulti-property investment fund.
Continue Reading for Free
Register and gain access to:
- 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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
