The 128,034-square-foot class A office property was constructed in 1987 and features a marble and glass clad exterior, landscaping and a four-story atrium entrance. The current rent roll is anchored largely by tenants in the law, insurance and accounting industries.
According to Dunne, "425 Eagle Rock Ave. offers the purchaser a quality mix of tenants, stable cash flow and a balanced lease rollover in the future. As a result, they should fare well in the long-term with their new investment. By marketing to the broadest mix of office buyers, CBRE was able to identify the ideal local private buyer and deliver the best execution for ownership."
The New Jersey Society of CPAs renewed its lease in late April and two law firms--Post, Polak, Goodsell, MacNeill & Strauchler PA and Zeller and Strulowitz LLP--recently renewed space here.
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