The latest sale involves the multi-story, 175,000-sf building on11 acres at 375 W. Mount Pleasant Ave. The transaction was arrangedby Andrew B. Zezas, president and CEO of the Kenilworth-based RealEstate Strategies Corp., who oversaw the three-stage disposition.The buyer was not identified, but described only as, "a prominentand well-respected New Jersey developer." The sale price was notreleased, and the property was listed without an offering price,but industry sources say it likely traded for a number in the$25-million range.

"The sale of 375 W. Mount Pleasant represents a conclusion toOrganon's three-part project in which we've been engaged for morethan four years," says Zezas, who has represented the company for adozen years dating back to a stint with another firm. Zezas foundedReal Estate Strategies five years ago.

"The sale of this last parcel required a unified effort by manypartners, including Organon, the buyer and others," Zezas says.This latest sale follows that of a three-story, 50,000-sf officebuilding within the campus in April. A private investor groupcalled 347 Mt. Pleasant LLC bought the asset with the help of a$6.5-jmillion loan provided by conduit lender Dillon Read CapitalManagement.