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65 Challenger Road

OVERVIEW

Property: 65 Challenger Road

Address: 65 Challenger Road
Ridgefield Park, New Jersey

Property Type: Class A Suburban Office

Rentable Square Feet:

Number of Units:

Property description

The KABR Group purchased the loan and land from a bank and gained title in 2013. 65 Challenger Road was KABR’s fourth purchase in Overpeck Corporate Park. The 184,000 square foot Class A office building with 34,000 square foot floor plates allowed KABR to lease up the building to multiple tenants. Since acquisition, KABR has renovated the lobby, added on-site security, built a state of the art café and fitness center, and upgraded the exterior landscaping. After these renovations, KABR has leased in excess of 100,000 square feet, fully stabilizing the asset.