Avalair Group has paid $14.75 million, or $163.87/sf, for the 90,008-square-foot office property at 100 Tormee Drive in Tinton Falls, N.J. The Lakewood, N.J., investor acquired the property from Rockford Holdings of Cedarhurst, N.Y., in a deal arranged by JLL Capital Markets. The property, which was built in 2001, is fully leased to two tenants: […]

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