MURRAY HILL, NJ—Erickson Living, a developer and manager of continuing care retirement communities, has acquired 460 Mountain Ave. in Murray Hill, N.J. from Linde LLC, a member of The Linde Group, for an undisclosed purchase price.
Jones Lang LaSalle’s Dan Loughlin and Jim Medenbach, managing directors, represented the seller in the transaction, while Kenneth Lundberg, senior vice president at NAI James E. Hanson, represented Erickson Living.
Situated on approximately five acres at the intersection of Mountain Avenue and Glenside Road, 460 Mountain Ave. contains 25,000 sq. ft. of space. The one-story property includes a lower level, which spans 1,500 sq. ft.