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New York & Tri-State  + New Jersey  + Office  |  February 7, 2022
Governor Morris Office Center has a strong medical and professional office tenancy
Paul Bubny
By: Paul Bubny

CushWake Closes Sale of Morristown Offices 

Cushman & Wakefield arranged the sale of the Governor Morris Office Center, a 76,308-square-foot office property at 25 Lindsley Dr. in Morristown, NJ. The final sale price was $9,725,000. 
 
The firm’s David Bernhaut, Andy Schwartz, Jordan Sobel and André Balthazard represented the seller, Lindsley Drive Associates, LLC, and procured the buyer, Pentaurus Properties, LLC. 
 
“25 Lindsley Dr. offered investors the opportunity to procure an office property with true value-add potential,” said Schwartz.  “We saw significant interest in this property because of its diversified tenant roster and ideal location in the highly desirable Morristown.” 
 
JD Moore, asset manager for Pentaurus, said the property has “a strong medical and professional tenancy in a tight Morristown market. We look forward to completing our capital improvement project, which will commence in a few short weeks.” 

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Inside The Story

Cushman & Wakefield's Schwartz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
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