PARK RIDGE, NJHornrock Properties is acquiring One Sony Drive in Park Ridge, NJ, a 220,877-square-foot headquarters quality building that will be partially leased back by Sony Electronics for two years. An industry observer familiar with the transaction says the purchase price was $16.8 million.

Jeffrey Dunne, Kevin Welsh and Brian Schulz of CBRE Institutional Properties and Jeffrey Babikian of CBRE’s Saddle Brook office represented Sony in the sale and identified the buyer.

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