135 CHESTNUT RIDGE ROAD
PROPERTY DETAILS
- Capstone acquired 135 Chestnut Ridge Road from the Mack-Cali Corporation, at the same time as 50 Tice.
- Located directly next to 155 Chestnut, 135 Chestnut is conveniently located on one of the main roadways of Montvale and right next to the Garden State Parkway.
- The building is undergoing an extensive renovation including a complete overhaul of landscaping, HVAC/utility systems, and interior tenant spaces.
- Capstone forecasts that the property should be stabilized by the end of 2020.
| Asset Class | Office |
| Property Size | 65,000 SF |
| Investment Status | Redevelopment |
| Forecast Deal IRR | 15% |
| Forecast Deal EM | 1.88X |
| Year Acquired | 2017 |