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RIDGEFIELD PARK, NJ-According to the Wall Street Journal, opportunistic investors who have bought buildings at steep discounts are beginning to pass on their savings to tenants, much to the distress of other landlords in the area.

Samsung Electronics America Inc. just signed for 193,000 square feet in an office building here for its North American headquarters. Earlier this year, the 235,000-square-foot building at 85 Challenger Rd. was purchased by KABR Real Estate Investment Partners LLC, which had taken control of the distressed property.

The price KABR paid for the then-empty property was about $10.5 million, or about $44 a square foot. The average price of comparable office buildings sold near the peak of the market in 2007 was about $200 a square foot, according to Real Capital Analytics, a New York real-estate research firm.Paramus-based KABR said it leased the property to Samsung for about $20 a square foot annually, according to the Journal. That is well below the East Bergen County submarket’s average annual asking rent of about $31 a square foot for class A property, according to Studley. On top of that, Samsung got more than $40 a square foot in tenant-improvement costs, above the average of about $30 in the market, according to Kenneth Pasternak, a principal in KABRTo read the entire Journal article, click here.

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