JLL completes sale of Class A corporate center in North Jersey

By Emily Bader
Berkeley Heights | May 15, 2020 at 11:06 am

JLL Capital Markets announced on Thursday it has closed the sale of a corporate center in North Jersey.

The Mountain Heights Corporate Center is a two-building, Class A office complex totaling nearly 303,000 square feet. It is located at 420 and 430 Mountain Ave. in Berkeley Heights within the state’s Interstate 78 Corridor submarket.

The JLL Capital Markets team of Jose Cruz and Kevin O’Hearn, senior managing directors, and Steve Simonelli and Michael Oliver, senior directors, represented the seller, EverWest Real Estate Investors, and procured the buyer.

Amenities at the property include covered executive parking, a cafeteria and a fitness center with locker rooms. Recent renovations made to the complex led to an uptick in its leasing volume. It now stands at 80% occupied.

“This transaction is a testament to the hard work completed by all involved despite the very challenging economic environment,” Cruz said.

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