HFF announces sale of 264K sq.ft. office complex

By Emily Bader
Rockaway Township | Feb 8, 2018 at 10:46 am

Holliday Fenoglio Fowler L.P. announced Wednesday the sale of Rockaway 80, a 264,000-square-foot office complex in Rockaway, to a Canadian firm.

The HFF team of Jose Cruz, senior managing director; Kevin O’Hearn and Brett Segal, managing directors; and Michael Oliver and Stephen Simonelli, senior directors, marketed the property on behalf of the seller, an undisclosed institution, and procured the buyer, Toronto-based Northbridge Investment Management Inc.

Rockaway 80, which is located at 100 Enterprise Drive, is within proximity to Route 15 and Interstate 80.

“This sale reflects the increasing demand for high quality suburban office product, and we are thrilled to have identified a foreign buyer for it,” O’Hearn said.

Financial terms were not disclosed.

Emily Bader | ebader@roi-nj.com | emilybader