A 53,730-square-foot office building in Woodcliff Lake has sold for $9.8 million, according to a Tuesday announcement from CBRE.
Located at 470 Chestnut Ridge Road, the property is 100% leased to Kiewit Infrastructure for its regional Northeast headquarters. Kiewit is one of North America’s largest engineering and construction organizations, with $13.7 billion in revenue and over 28,000 employees.
Jeffrey Dunne, Doug Rodio, Travis Langer and Dan Blumenkrantz of CBRE’s Institutional Properties Group represented the owner, Keystone Property Group.
“470 Chestnut’s location in one of New Jersey’s premier towns, coupled with Kiewit’s recent upgrades to the lobby, common areas and building systems made this an attractive opportunity for the buyer,” CBRE Vice Chairman Dunne commented.
