Onyx Equities and PCCP have sold a 439,000-square-foot office building outside Morristown — reportedly for $118.5 million — following nearly a decade of ownership and an ambitious plan to rejuvenate the property.
JLL
JLL Capital Markets facilitated the sale, joint venture acquisition equity and debt placement for 1 Electronics Drive, a 16-acre flex/industrial property located in Hamilton, Mercer County, New Jersey. Acting on behalf of the seller BTR Capital Group, JLL Capital Markets arranged the sale to Saxum Real Estate. Additionally, working on behalf of the new owner, JLL secured joint venture equity from Meadow Partners along with acquisition financing from Prime Finance.