- Sale Date: March 16, 2016
- Building Size: 204,495 SF
- Year Built: Redeveloped 2013-2015
- Occupancy: 100%
Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group along with Jeffrey Dunne, Kevin Welsh, and Brian Schultz of the New York Institutional Properties Group, represented Marcus Partners, on behalf of its Marcus Capital Partners Fund I, L.P. on the sale of 8 King Road in Rockleigh, New Jersey, a state-of-the-art 204,495-square foot office/life science building, to Charter Realty Group as part of a 1031 exchange.
8 King Road is 100% net leased to Spectra Laboratories on a long-term basis and guaranteed by its parent company, Fresenius Medical Care Holdings, Inc. (S&P: BBB-; Moody’s Baa3). The Property was completely redeveloped in 2015 and serves as Spectra’s mission critical testing facility for the Eastern half of the United States, which is located at the midpoint of the Boston to Washington, D.C. corridor and just 30 minutes from New York City.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us.
Contact Us
Lee Asher
Executive Vice President
Investment Properties
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
Investment Properties
+1 303 628 1711
chris.bodnar@cbre.com
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