Holliday Fenoglio Fowler LP (HFF) announced it sold 5 Paragon Drive, an approximately 120,000-square-foot, Class A office property in Montvale.
HFF represented the seller, a private equity firm, and procured the buyer.
The property is located in the Upper Parkway Office submarket of Montvale and boasts great connectivity to the entire region via Montvale Train Station, the Garden State Parkway and Interstates 287/87.
Seventy-one percent leased, 5 Paragon Drive features a two-story atrium lobby with large skylights, travertine marble and glass façade, a full-service cafeteria and park-like grounds.
The HFF investment advisory team representing the seller included senior managing directors Jose Cruz and Kevin O’Hearn, senior directors Stephen Simonelli and Michael Oliver and associate J.B. Bruno.