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February 28, 2018  

Core Offices Marketed in Jersey City

LeFrak Organization is offering the leasehold interest in a fully occupied office building in Northern New Jersey.The 619,000-square-foot building, at 499 Washington Boulevard in Jersey City, could attract bids of around $200 million, or $323/sf. At that price, a buyer’s initial annual yield would be 5.5% to 6%. Eastdil Secured has the listing.LeFrak, a New York investment and development firm, developed the property in 1999. It plans to...

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