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JLL Capital Markets Closes Two-Building Northern NJ Deal

JLL Capital Markets closed the sale of Mountain Heights Corporate Center, a two-building, Class A office complex totaling nearly 303,000 square feet in Berkeley Heights, NJ. The firm represented the seller, EverWest Real Estate Investors, and procured the buyer. Pricing wasn’t disclosed.

The JLL Capital Markets team representing the seller included senior managing directors Jose Cruz and Kevin O’Hearn, and senior directors Steve Simonelli and Michael Oliver. The team was recently included among Connect Media’s Top Broker Award honorees for 2020.

“This transaction is a testament to the hard work completed by all involved, despite the very challenging economic environment,” Cruz stated.

Mountain Heights Corporate Center is located at 420 and 430 Mountain Ave. in the Interstate 78 Corridor submarket of Northern New Jersey. Recent renovations made to the complex led to a surge in new leasing, which resulted in occupancy of nearly 80%.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).