SECAUCUS, NJ-Mountain Development Corp. of Woodland Park, NJ has acquired the One Harmon Plaza office building here for $11.5 million.
Mountain Development and a fund managed by PCCP LLC, a Los Angeles-based real estate investment company, acquired the 10-story, 187,111-square-foot office building from New Boston Fund Inc., according to The Record.
In January, The Jersey Journal relocated from its storied headquarters at 30 Journal Square in Jersey City to One Harmon Plaza. The newspaper leased 10,000 square feet on the 10th floor of the building.
Seven years ago New Boston Fund purchased One Harmon Plaza from Hartz Mountain Industries Inc. for $23.6 million, according to CoStar. See story in The Record.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
