E. Rutherford Site Sold, $105m

Summary


EAST RUTHERFORD -- CBRE Global Investors has sold the Metropolitan Center office building in East Rutherford for $104.9 million to KBS Real Estate Investment Trust II Inc., a California- based real estate investment trust.

CBRE Global purchased the 15-story, 421,317-square-foot Class A office building at 1 Meadowlands Plaza in December 2008 for $61 million, according to the commercial real estate data firm CoStar. The building is 98 percent leased.

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E. Rutherford Site Sold, $105m

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