Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROCHELLE PARK, NJ-GHP Office Realty of White Plains, NY has acquired 218 Route 17 North, a 95,000-sf multi-tenant office building. The asset is located at the newly completed Route 17 and 4 interchange, just south of the Garden State Plaza Mall. The terms and sale price of the transaction were not disclosed.

The deal is essentially a partial sale-leaseback, with seller Sanyo North America continuing to occupy much of the property. Other tenants include Wyatt Data Services and Servicio Uniteller, and approximately 25,000 sf of space is current vacant and available. Building features include a newly renovated two-story atrium, covered parking and on-site security.

The buyer was represented in the transaction by TRS of Paramus, NJ and Equity consulting of Scarsdale, NY. With the acquisition, GHP’s ownership presence in Bergen County, NJ now totals nearly 300,000 sf, with space available in increments from 1,000 to 60,000 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.