This latest deal, combined with the earlier sale by theRockefeller Group of three buildings totaling 610,000 sf withinRockefeller Corporate Park, Florham Park, NJ to Investcorp, amountsto a total of approximately $150 million worth of transactions. Asreported by GlobeSt.com, the earlier sale was similarly arranged byC&W's FSG, and the two deals are among the largest office salesin New Jersey this year.

They also represent increased interest in New Jersey real estateby offshore investors, this despite weakened office marketfundamentals, according to Andrew Merin, executive vice presidentand head of C&W's FSG. "Despite the challenges of the leasingmarket, we were able to generate significant interest in bothproperties," according to Merin. "In a trend that we see evolving,both properties were acquired by foreign investors and funded byoverseas equity capital."

The Gale Co. developed 200 Kimble Dr. for JPMorgan Fleming,finishing construction of it early this year. The property is 85%leased on a long-term basis to pharma giant Novartis. A law firmoccupies the rest of the building, according to Gary Gabriel, asenior director with C&W's FSG.