Mountain Heights Corporate Center at 420 and 430 Mountain Ave. in Berkeley Heights — Courtesy: JLL
By Joshua Burd
An investment firm has sold a nearly 303,000-square-foot office complex in Berkeley Heights, under a newly announced transaction by JLL.
Brokers with the firm represented the seller, EverWest Real Estate Investors, and procured the buyer in the sale of Mountain Heights Corporate Center. Made up of two buildings at 420 and 430 Mountain Ave., the property has benefited from recent renovations that led to a surge in new leasing and brought occupancy up to nearly 80 percent.
JLL senior managing directors Jose Cruz and Kevin O’Hearn and senior directors Steve Simonelli and Michael Oliver completed the assignment. Terms were not disclosed.
“This transaction is a testament to the hard work completed by all involved despite the very challenging economic environment,” Cruz said.
Located within the Interstate 78 submarket, Mountain Heights Corporate Center offers access to Manhattan and Newark Liberty International Airport, along with shopping and dining options in downtown Berkeley Heights and Summit. The property features covered executive parking, a full-service cafeteria and a fitness center with locker rooms.