New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + Tri-State  + Office  | 

Bridgewater Offices Trade with Repositioning Prospects

Cushman & Wakefield has arranged the sale of 721 U.S. Highway 202/206, a four-story office building on a nearly 16-acre site with over 200 feet of frontage along Route 202/206 in Bridgewater, NJ. A local developer purchased the 192,741-square-foot asset from Mack-Cali Realty Corporation.

The capital markets team of Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer and Frank DiTommaso arranged the sale. They were supported by leasing specialists Bill Brown and Shawn Straka.

Although the property has a history of near-full occupancy, it’s being delivered vacant. “The opportunity to reposition roughly 200,000 square feet on 16 acres with frontage generated a significant amount of interest,” said Gabriel.

“Bridgewater has historically attracted major employers, specifically within the tech and pharma industries, given its regional accessibility and access to talented labor,” he added. “It continues to prove itself as one of the more dynamic markets in suburban New Jersey.”

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

ConnectWith Cushman & Wakefield's GabrielConnect With Cushman & Wakefield's Merin

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition