"That a prominent firm whose business is real estate chose tostay here is a testament to the complex's attractiveness," saysWilliam J. O'Keefe, vice president of leasing for Normandy RealEstate Partners, owner of the complex. "The move was necessitatedby the company's ongoing growth and is primarily accommodating anaccounting department."
Normandy and joint venture partners Morgan Stanley and WafraInvestment Advisory Group acquired the 650,000-sf, three-toweroffice complex in September 2004 from Stellar Management and BrackCapital Real Estate for a reported $108.5 million, or $167 per sf.The 12-acre complex is located at 401, 411 and 433 HackensackAve.
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