ON3 Campus Office Tower in Nutley Sells for $132 Million

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200 Metro Blvd Nutley
The sale is New Jersey’s largest suburban office deal of 2022 so far. Image courtesy of Prism Capital Partners.

An office tower in the ON3 mixed-use campus in Nutley, New Jersey, was recently sold for $131.7 million.


The 300,000-square-foot office tower, 200 Metro Boulevard, is part of the 1.5 million-square-foot mixed-used campus which is situated on the border of Nutley and Clifton. The 116-acre, five-building mixed-use campus was acquired by Prism Capital Partners in 2016 and previously served as Hoffmann-La Roche’s North American headquarters. Prism reportedly intends to expand the ON3 complex by 2 million square feet.

Following the upgrade of the campus in 2020, Eisai Inc. signed on as a tenant which brought the property to full occupancy. Eisai Inc. transferred its corporate headquarters to the LEED Gold-certified 200 Metro Boulevard this past spring.

Prism was represented by Eastdil Secured in the recent sale of 200 Metro Boulevard. The buyer, Cantor Fitzgerald, reportedly used a $66.7 million acquisition loan originated by JPMorgan Asset Management.

The transaction is New Jersey’s largest suburban office deal of 2022 so far.

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