Friday, April 19, 2013

China Construction Co Pays $71M for Morristown Office Bldg




National Commercial Real Estate News From CoStar Group





China Construction Co Pays $71M for Morristown Office Bldg



China Construction America, Inc. has acquired the Advance at Southgate office building located at 445 South St. in Morristown, NJ for $71 million, or about $221 per square foot, from Advance Realty.

The four-story, 320,274-square-foot, class A office building was originally built in 1984 on 32.3 acres in the Morristown Region of Morris County, part of the Southgate Corporate Center - an 800,000-square-foot office park located off I-287 at exit...






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