Press Release
Feb 1, 2019

KMS CAPITAL AND ACCORDIA REALTY VENTURES JV ACQUIRES AN 203,000 SQFT CLASS-A OFFICE PROPERTY IN FAIRFIELD, NJ

Hackensack, NJ – KMS Capital today announced that it has closed its acquisition of Greenbrook Executive Center, a Class-A office property in Fairfield, New Jersey, in partnership with Accordia Realty Ventures.

The three-story, 203,000-square-foot building was purchased for $27.0 million from an entity controlled by Guggenheim Partners, LLC.  The property is located at 100 Passaic Avenue.  Monica Kang, chief executive officer of KMS Capital, commented: “We are excited to announce the acquisition of Greenbrook Executive Center with Accordia as our JV partner.  The property boasts a strong historical occupancy and tenant quality in addition to its prime location within the affluent submarket of Essex County.  We plan to make healthy income distributions to our investors while working to add value by leasing up the remaining vacancies and making strategic capital improvements.”  

About KMS Capital
KMS Capital is a private investment firm with a focus on commercial real estate assets located in markets with strong economic fundamentals, primarily in the Northeastern US.  We seek to make high quality investments at discounted valuations in assets with value-added opportunities in order to generate attractive risk adjusted returns for our investors.  The firm leverages its strong local relationships - built over 20 years of real estate experience - as a competitive advantage to source unique and rare opportunities.  For more information, please visit www.kmscap.com