Broadacres Office Park In Bloomfield Has New Owner

BLOOMFIELD, NJ — A 385,000 square foot office park in Bloomfield has a new owner.

On Friday, P3 Properties announced that it sold the Broadacres Office Park at 1455 Broad Street and 200, 300 and 400 Broadacres Drive. ERCT Capital Group acquired the four-building property, even though the asset was not marketed for sale at the time.

According to a news release, the four-story buildings underwent renovations in 2001 and 2006. Common-area amenities include a newly built gym, on-site cafeteria and 1,226 parking spaces.

At the time of sale, the property was 91 percent leased, P3 Properties stated.

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