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Joint venture purchases Rochelle Park office building

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Clark-based real estate developers TAK Group and Woodbridge-based Bergman Real Estate Group have purchased a five-story, 218,500-square-foot office building in Rochelle Park.
Clark-based real estate developers TAK Group and Woodbridge-based Bergman Real Estate Group have purchased a five-story, 218,500-square-foot office building in Rochelle Park. - ()

Clark-based real estate developers TAK Group and Woodbridge-based Bergman Real Estate Group have purchased a five-story, 218,500-square-foot office building in Rochelle Park.

The sale, arranged by Colliers International NJ, was purchased from Onyx Equities and Garrison Investment Group in an off-market trade, with Colliers representing the seller and procuring the buyer. Onyx and Garrison initially purchased the building in September 2017 as part of a Bergen County portfolio acquisition from Mack-Cali.

The property is 77 percent occupied. TAK Group plans to upgrade site amenities.

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Elana Knopp

Elana Knopp


Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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