MONTVALE, NJ–JD Companies, the Bergen Countyreal estate developer and operator, has acquireda 50,000-square-foot office building here for its newheadquarters. The firm will relocate from Saddle River.

The deal was arranged by Cushman & Wakefield'sMetropolitan Area Capital Markets Group for an undisclosedsales price. Brokers said it is emblematic of increasing investorinterest in “non-core” office buildings in northern New Jersey.

The two-story building sits on a five-acre plot at theintersection of Chestnut Ridge Road and Grand Avenue here. It iscurrently 76% occupied by Community Blood Services and NJ LendersCorporation under long-term leases.

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