Cushman & Wakefield arranges $5.75M sale of single-tenant office asset in Montvale

Single-tenant Bergen County office building sells for $5.75M

A single-tenant flex and office building in Bergen County has a new owner, according to Cushman & Wakefield. A Sept. 8 announcement from the firm disclosed the nearly 30,000-square-foot property at 20 Craig Road in Montvale sold for $5.75 million. The building is 100% leased to premium automatic coffee machine maker Jura Inc. The U.S. distributor for the globally recognized Swiss brand uses the space for its North American headquarters, featurin…

Cushman & Wakefield arranges $5.75M sale of single-tenant office asset in Montvale

Cushman & Wakefield said Sept. 8 that the real estate services firm has arranged the sale of 20 Craig Road, a 29,898-square-foot single-tenant flex/office property in Montvale for $5.75 million. Cushman & Wakefield’s Andrew Schwartz, Jordan Sobel, Andre Balthazard, and Dan Bottiglieri represented the seller, Mountain Development Corp., and procured the buyer, Fortune Touch, in the transaction. The firm’s equity, debt and structured finance team …