Wednesday, May 17, 2006

Jones Lang LaSalle


Group Buys Bergen County Bank Building for $2.5 Million

Office Property at 645 Westwood Sells for $129.50 PSF

MWD River Vale One LLC purchased 645 Westwood Ave. in River Vale from Pascak Valley Hospital Associates for $2.52 million, or about $129.50 per square foot.

This 19,450-square-foot, three-story office building on 2.25 acres was built in 1971 in Bergen County. The building features a passenger elevator, on-site banking and on-site property management.

Pascak Valley Hospital Associates and MWD River Vale One LLC were self-represented.