Q2 2012 Central New Jersey, New Jersey Office Property Sales Analysis

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Q2 2012 Central New Jersey, New Jersey Office Property Sales Analysis


There have been no single-property office investment sales that meet Transaction Analytics for the most recent three quarters according to Reis.* The 12 month rolling cap rate ended the second quarter at 9.3%, based on two sales in the third quarter of 2011. According to Cushman & Wakefield, however, “in Monmouth County, AT Middletown NJ Landlord, LLC purchased the 1,758,000-square-foot 200 Laurel Avenue for $107.8 million.” That is $61.32 psf.