Capstone acquired a 73% leased class-A office building from LNR Partners.
The buildings total ~650,000 SF and are located at 401,411 & 433 Hackensack Avenue in Hackensack, NJ.
Continental Plaza comprises some of the most desirable office space in its market due to the excellent proximity to shopping, restaurants, and transportation.
The complex underwent $16MM in renovations including: new HVAC/Mechanical systems, refreshed lobbies and corridors, new amenity spaces including a health & wellness center, conference center, coffee bar, and more.
The property was sold in December 2019 at a substantial gain.