TSCPIX Blog

Repositioned office campus in Bridgewater sells for $46 million

An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.

The firm, American Real Estate Partners, announced this week that it had closed on the sale of CenterPointe at Bridgewater, a four-building, 331,354-square-foot campus on Route 22. Signature Acquisitions has acquired the property, which is 89 percent leased to tenants such as All State Insurance Co., Mass Mutual, ConvaTec and others.

The CBRE team of Jeff Dunne, Jeremy Neuer and Travis Langer represented American Real Estate Partners in the sale.

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Article from Real Estate NJ
By Joshua Burd

*TSCPIX thanks the Otteau Valuation Group for providing the links to these articles.
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