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Park Avenue at Morris County totals nearly 1.2 million square feet of office space. Park Avenue at Morris County totals nearly 1.2 million square feet of office space.

FLORHAM PARK, NJ—KBS of Newport Beach, CA has sold its six-building, 1.19-million-square-foot Park Avenue at Morris County office complex here in a deal valued at $311 million.

KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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