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SECAUCUS, NJ-KTR Capital Partners has added yet another Meadowlands industrial building to its holdings, buying the 175,000-sf 1000 Castle Rd. here for $25 million, or about $143 a foot. The New York City-based private equity firm bought the building on behalf of an affiliate.

The property is currently 100% leased on a long-term basis. A partnership headed by Martin Rappaport started construction on a spec basis in 2001 and, as reported by GlobeSt.com, quickly signed fashion house Prada to a full-building lease for a 20-year term. Prada has since subleased a portion of the building to Panalpina, a logistics company.

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