The seller was the Chubb Corp., the Warren-based insurance holding company. The deal was arranged for the latter by Leo Paytas, senior vice president in the Florham Park office of Trammell Crow Co., and Richard Bernstein, managing director of TCC's New York City operations. Chubb had also used the building, located within a corporate campus developed by the insurer, as a data center.
The deal follows the selection of TCC in 2005 to provide real estate services for Chubb. According to Paytas, that assignment encompasses brokerage, consulting, facilities and portfolio management and project management for a four-million-sf portfolio of office properties in the US, Europe and Asia.
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