X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SECAUCUS, NJ-Ivy Equities, based in Montvale, NJ, has acquired 300 Harmon Meadow Blvd., a 125,000-sf office building here. The facility is located in the Meadowlands submarket of Northern New Jersey, just west of New York City.

The price tag for the asset was $18.7 million. The deal also includes the acquisition of a long-term ground lease for the adjacent Hampton Inn hotel property

The six-story 300 Harmon Meadow Blvd., built in 1983, is currently 100% occupied by a tenant roster that includes the Bank of America; Bank One; Verizon Wireless; Chasan, Leyner, Bariso & Lamparello PC; and the C.H. Robinson Co.

David Noonan of Newmark & Co. Real Estate represented the seller of the asset, Massachusetts Mutual, based in Springfield, MA. John Saraceni, chief investment officer for Ivy Equities, handled the acquisition for his company. Ivy Equities currently owns and manages a portfolio of more than three million sf of commercial property in the New York/New Jersey metro area.

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

GlobeSt

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.