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MONMOUTH JUNCTION, NJ-Newmark Knight Frank Capital Group has completed the sale of 2000 Cornwall Rd. here, on behalf of special servicer LNR Partners Inc. A private investor picked up a 100% fee interest in the 100,000-square-foot office building. NKF principal Richard J. Madison, managing director Richard Mirliss, principal Matthew Schnurr and director Jackie Chesler represented the seller at 2000 Cornwall.

“The asset attracted a significant number of offers from both users and investors,” says Chesler. “By acquiring the property below replacement cost, the investor was assured of a favorable price point and eliminated the possibility of having to compete with any new construction.”

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