135 CHESTNUT RIDGE ROAD
- 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.
|Property Size||65,000 SF|
|Forecast Deal IRR||15%|
|Forecast Deal EM||1.88X|