CUSHMAN & WAKEFIELD ARRANGES $78 MILLION SALE OF JERSEY CITY’S 2 JOURNAL SQUARE

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JERSEY CITY, N.J. – August 17, 2011 – (RealEstateRama) — Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group (CMG) has arranged the sale of 2 Journal Square Plaza, a landmark nine-story, 325,000-square-foot class A office building in Jersey City, N.J., representing seller Hartz Mountain Industries. The buyer in the $78 million transaction was Gaia Real Estate Investments in partnership with Phoenix Insurance and Menora Mivtachim Insurance, both based in Israel.

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