“The property's location in the heart of Fairview in Bergen County helped to drive investor interest while the recent renovation and upside in rents pushed pricing,” says HFF's José Cruz.

The college and seminary hope to secure state approval so that their operations will be housed solely at its Manhattan campus at 2 Washington St. by the fall of 2019.

Scheduled to break ground in the fourth quarter of 2019, the HPE development will consist of two buildings including some 568,000 square feet of rentable space at CityPlace at Springwoods Village.

The social media company signed an extension until 2030 of its lease at Columbia Property Trust's office building in Chelsea.