SECAUCUS -- According to NJBiz.com, Hartz Mountain Industries in Secaucus has sold its building at 200 Plaza Drive, in the Harmon Meadow Complex, to Gaia Real Estate Investments for $56 million. The building is fully leased to Ernst & Young, the accounting firm, which has its regional headquarters there.
The story notes, "New York-based Gaia announced it had acquired the 250,000-square-foot building in conjunction with partners Phoenix Insurance and Menora Mivtachim Insurance, according to a news release. The property is fully leased to accounting firm Ernst & Young ... The deal comes nearly two years after Hartz, which is based in Secaucus, sold its Jersey City office tower at 2 Journal Square to Gaia for $78 million. About four months earlier, Hartz also sold 70 and 90 Hudson St. in the city to CB Richard Ellis Realty Trust for what was a record price of $310 million."