ACG paid $31.1m for the Florham Park Corporate Center. The twin 230,000 class A office buildings, located in Florham Park, New Jersey, are currently 88 percent leased. Common amenities include a full-service cafe, conference center, fitness and game center and a free app-based bike-sharing program. Florham Park Corporate Center is situated on a 16-acre site and has parking for 800 vehicles. Colliers represented both the buyer and the sellers, Bergman Real Estate Group and Rialto Capital Management.
“There was a high level of demand and offers received for this asset,” said Jacklene Chesler, executive managing director at Colliers. “This triggered a few bidding rounds with a number of the top investor groups offering impressive and meaningful deal terms.”
