American Real Estate Partners (AREP) And Independencia Sell 1100-1200 American Boulevard In Premier New Jersey Office Park For $95M

American Real Estate Partners | April 29, 2020

American Real Estate Partners (AREP) and Independencia Asset Management announced today the sale of 1100-1200 American Boulevard in Hopewell Township, NJ to an undisclosed buyer for $95M.  Originally built in 2000 as part of the Merrill Lynch corporate campus, the property was constructed to the highest quality standards and consists of three Class-A office buildings totaling 380,417 SF.  AREP acquired the property in 2013 as part of its portfolio strategy to moderate risk within its value-add strategy.  Under the terms of the agreement, AREP will continue to lease and manage the property.  The asset is currently 100% leased to Merrill Lynch which was acquired by Bank of America in 2008.

Spotlight

AMLI Arista's apartment rentals boast exceptional community amenities that include a heated resort-style pool, a relaxing hot tub, a state-of-the-art fitness center, a game room, and much more

Spotlight

AMLI Arista's apartment rentals boast exceptional community amenities that include a heated resort-style pool, a relaxing hot tub, a state-of-the-art fitness center, a game room, and much more

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PURE Property Management | March 02, 2022

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prnewswire | October 06, 2020

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REAL ESTATE TECHNOLOGY

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prnewswire | November 27, 2020

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