200 Metro Boulevard
Life-sciences / office — sponsored by Cantor Fitzgerald
Files with the SEC as CF ON3 Lifesciences Parent DST
Minimum investment
$250k
Offering size
$69.8M
How much has sold
100.0%
Asset type
Life-sciences / office
Location
Not stated
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
CF ON3 Lifesciences Parent DST is a Cantor Fitzgerald–sponsored Delaware statutory trust that owned 200 Metro Boulevard, the Eisai-leased Class-A life-sciences office tower on the ON3 campus in Nutley, New Jersey. It is closed to new investors: on February 1, 2026 its interests were exchanged for operating-partnership units in Cantor Fitzgerald Income Trust in a Section 721 UPREIT roll.3
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Prism Capital Partners developed the 15-story tower as the flagship office building of its ON3 campus in Nutley, New Jersey. Eisai Inc. opened its U.S. headquarters there in March 2022, and Prism sold the building to a Cantor Fitzgerald affiliate that July for $131.7 million, which NorthJersey.com described as the largest New Jersey office sale. Cantor's property profile states the Trust holds fee-simple title.1
- Property size
- 300,000 sq. ft. (REBusinessOnline); 306,000 SF (ON3 marketing page)
Who is the tenant, and what's the lease?
Eisai Inc. occupies the building as its U.S. headquarters. Cantor's 2022 property profile described a triple-net lease — the tenant carries taxes, insurance and maintenance — with the building fully leased to Eisai through December 31, 2038.1
How did it end?
Converted to REIT units (721 exchange) after 3.7 years
Listed as a completed/full-cycle program on Cantor Fitzgerald's published track record.
The DST owns the Eisai-leased Class-A life-sciences/office building at ON3, which REBusiness describes as 300,000 sq. ft. and the ON3 marketing page describes as 306,000 SF; Cantor acquired it for $131.7 million in July 2022 and the February 2026 coverage reports a Section 721 UPREIT full-cycle transaction. Other ON3 buildings such as 111 Ideation Way were excluded as different assets.
300,000 sq. ft. (REBusinessOnline); 306,000 SF (ON3 marketing page)Supporting evidence
How is it financed, and what does it pay?
The Trust carried mortgage debt rather than owning free and clear. A Cantor Fitzgerald Income Trust supplement filed with the SEC reports the ON3 borrower entered a fixed-rate loan with JP Morgan Asset Management on April 22, 2022, maturing May 1, 2032.2
Who's behind it?
Cantor Fitzgerald is a global financial services firm, and its investment affiliate Cantor Fitzgerald Investors, LLC is named as sponsor on this Trust's Form D.4 Its affiliated non-traded REIT, Cantor Fitzgerald Income Trust, indirectly took a 10% interest in the DST on April 22, 2022, at a stated whole-asset price of $131.7 million.1 On February 1, 2026, that same REIT issued operating-partnership units in a tender-offer exchange covering interests in several Cantor DSTs, including CF ON3 DST.3
- Sponsor
- Cantor Fitzgerald
- Legal Trust name
- CF ON3 Lifesciences Parent DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 5 active / 22 total offerings from Cantor Fitzgerald
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Cantor Fitzgerald filed an original Form D — the SEC notice a private placement files after its first sale — for a Delaware statutory trust organized in Delaware in 2022, then amended it once to update the offering's progress.4 Interests were sold privately, without general advertising, to accredited investors.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to 200 Metro Boulevard?
Top1031 lists 200 Metro Boulevard as historical. It is no longer raising money.
Where does Top1031 get the data for 200 Metro Boulevard?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
No. CF ON3 Lifesciences Parent DST is closed to new investors. The offering was reported as complete in the Form D/A filed February 28, 2023, and on February 1, 2026 the Trust's interests were exchanged for operating-partnership units in Cantor Fitzgerald Income Trust.[3]
What happened to investors in the February 2026 UPREIT transaction?
A Cantor Fitzgerald Income Trust supplement filed with the SEC on February 18, 2026 reports that on February 1, 2026 the REIT's operating partnership issued $74,931,482 of OP equity for 3,728,218 OP units in an aggregate tender-offer exchange for DST interests, a group that included CF ON3 DST.[3] The filing does not break out an amount specific to this Trust. In a Section 721 exchange, an investor swaps real property interests for partnership units in a REIT's operating partnership, generally deferring gain but ending the ability to do a future 1031 exchange out of that position.
Who is the tenant?
Eisai Inc., which opened its U.S. headquarters at 200 Metro Boulevard on the ON3 campus in March 2022. Cantor's property profile, dated 2022, described the building as fully leased to Eisai on a triple-net basis through December 31, 2038.[1] Occupancy has not been independently restated in more recent public sources.
How large is the building?
Sources differ. REBusinessOnline reported 300,000 square feet, the ON3 campus marketing page says 306,000 square feet, and Cantor's own property profile lists 332,818 square feet.[1] All three describe the same 15-story tower at 200 Metro Boulevard in Nutley, New Jersey.
Is there anything adverse on the public record?
A law-firm webpage dated April 22, 2025 advertises an investor-complaints investigation naming this DST.[5] No underlying complaint, court docket, or regulatory order was located in the retrieved material, so it does not establish misconduct, investor loss, or distress. No property-level distress, tenant default, or default notice was substantiated in public records reviewed through August 2026.
Was the Trust leveraged?
Yes. An SEC-filed Cantor Fitzgerald Income Trust supplement reports that on April 22, 2022 the ON3 DST entered a loan with JP Morgan Asset Management with outstanding principal of $66,731,250, fixed-rate, maturing May 1, 2032.[2] Leveraged DSTs pass through mortgage debt that can help a 1031 investor replace debt from a relinquished property.
Chapter 9Cantor Fitzgerald Income Trust UPREITs DST Interests in $75M TransactionAltsWire reported a $74.9 million tender-offer transaction exchanging interests in CF ON3 DST and other Cantor DSTs for operating-partnership units. CF ON3 Lifesciences Parent DST Rolled Into Cantor Fitzgerald Income Trust in a Section 721 ExchangeTop1031 reported that the Eisai-leased tower reached full cycle through a Section 721 UPREIT exchange after a 3.7-year hold. Cantor Fitzgerald Acquires Northern New Jersey Office Building for $131.7MREBusinessOnline reported Cantor Fitzgerald's acquisition of the 300,000-square-foot Eisai-leased 200 Metro Boulevard building at ON3 in Nutley. Cantor Fitzgerald buys ON3 building in largest NJ office saleNorthJersey.com reported that an affiliate of Cantor Fitzgerald bought the 200 Metro Boulevard ON3 building for $131.7 million.