Cushman & Wakefield said it recently sold Centra, a 110,000-square-foot, Class A office building located at 186 Wood Ave. S. in Iselin.
Cushman & Wakefield’s Andrew Merin, David Bernhaut, Gary Gabriel, Ryan Larkin, Kevin Carton and Todd Elfand represented the seller, Hampshire Management Co., in the transaction. The buyer was Opal Holdings LLC.
“We’re pleased to have found the right buyer for this exceptional investment opportunity,” Merin said. “Centra is a well-performing, trophy asset that is anchored by high-quality tenants and is strategically located in the area’s sought-after Central Business District, making it an outstanding investment for the new owners.”
This recently redeveloped, LEED Platinum-certified, five-story office building was redesigned by architectural firm Kohn Pedersen Fox Associates. Located in Metropark, Centra’s modern design complements its best-in-class amenities, which include a full-service cafeteria, fitness center, conference center and full-time on-site concierge and security.
Centra is currently occupied by corporate tenants JPMorgan Chase, Mass Mutual Life Insurance and Grant Thornton. It is located just 10 minutes from Metropark Station, which offers commuters direct access to New York Penn Station as well as Acela service from Boston to Washington, D.C.