The property involved in the transaction is an office building located at 1 Harmon Plaza, Secaucus, NJ, 07094. The building has a total area of 192,089 square feet and is currently 95 percent leased. The sale price for this asset was $34,200,000.00.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $34,200,000.00
• Address: 1 Harmon Plaza, Secaucus, NJ, 07094
• Market: Secaucus
• Seller: Mountain Development Corp. MDC
• Buyer: ZI One Harmon Plaza LLC
• Seller's Representative: Robert L’Abbate - CBRE

CBRE facilitated the transaction, with Samuel Bernhaut and Robert L’Abbate representing Mountain Development Corp., the seller, which is a joint venture with PCCP LLC. The buyer of the property is ZI One Harmon Plaza LLC. The seller's joint venture upgraded the property since its acquisition in 2014, including lobby renovations and added facilities such as a conference center, cafeteria, and fitness center.