MONMOUTH JUNCTION, NJ-Newmark Knight Frank Capital Group hascompleted the sale of 2000 Cornwall Rd. here, on behalf of specialservicer LNR Partners Inc. A private investor picked up a 100% feeinterest in the 100,000-square-foot office building. NKFprincipal Richard J. Madison, managing director Richard Mirliss,principal Matthew Schnurr and director Jackie Chesler representedthe seller at 2000 Cornwall.

“The asset attracted a significant number of offers from bothusers and investors,” says Chesler. “By acquiring the propertybelow replacement cost, the investor was assured of a favorableprice point and eliminated the possibility of having to competewith any new construction.”

Mirliss tells GlobeSt.com that the investment was also broadlymarketed to prospective tenants, “which helped to reach many localusers that we may not have normally targeted if our teams didn’tmarket the opportunity together.”