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JLL Closes $150M Sale of Single-Tenant Suburban NJ Office Campus

JLL Capital Markets closed the $150.25-million sale and $100.59-million financing of Warren Corporate Center 100 and 200, two Class A office buildings totaling 315,086 square feet in Warren, NJ. The firm’s Jaime Fink, Kevin O’Hearn and Jose Cruz represented the seller, a joint venture between affiliates of Rubenstein Partners, L.P. and Vision Real Estate Partners. 

A partnership between Exan Capital and Mirabaud Group purchased the property with assistance from a five-year, fixed-rate acquisition loan secured by JLL through New York Life Real Estate Investors. JLL’s Capital Markets team leading the financing efforts included Lucas Borges, Michael Johnson and Matthew Pizzolato.

The property is fully leased to Everest Reinsurance Company, a leading global reinsurance and insurance organization. “Warren Corporate Center generated tremendous investor interest given the high demand for single-tenant credit properties from both domestic and foreign investors,” said O’Hearn.


Inside The Story

JLL’s O’Hearn

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).