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"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.
Court Plaza North is one of three buildings that make up Court Plaza, a 335,000-square-foot Class-A office complex located at 19/21/25 Main St. in Hackensack.
Temasek and certain institutional clients of Guggenheim Investments partnered with Eastdil on the deal, leaving Well Fargo to retain a minority ownership interest in the company.
The new initiative will explore developing under-utilized properties that can bolster transit-oriented development and optimize the value of assets across the state.
Distinguished leaders at the CREW Network Convention last week candidly shared their paths to success and discussed overcoming challenges including what they have learned through those experiences.
SL Green will use the sale proceeds to build upon its strategy of redirecting capital from dispositions in a healthy investment market to acquire its discounted stock shares.