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MONTVALE, NJ-Cushman & Wakefield, Inc. has arranged the sale of 225 Summit Ave., a 142,500-square-foot class A office building. CB Richard Ellis Realty Trust acquired the property from a partnership comprised of a fund managed by Urdang Capital Management Inc., Ivy Equities and Paragon Realty. Cushman & Wakefield’s Metropolitan Area Capital Markets Group members Andrew Merin, David Bernhaut, Gary Gabriel and Jared Zimmel represented the seller in the transaction, and procured the buyer. Neither the buyer nor the seller would release the sales price.


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