Treetop Development Acquires Bridgewater Medical Office For $27M

The property at 1200, 1210, and 1220 Route 22 East in Bridgewater has been sold in a closed transaction. The asset is a medical office situated on a 27-acre plot of land. The sale took place on 12/01/2022.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $27,000,000
• Address: 1200, 1210 & 1220 Route 22 East, Bridgewater
• Market: Bridgewater
• Acres: 27

Treetop Development represented by Azi Mandel has acquired the property from Bridgemark Hospitality. The buyer's brokers, Elli Klapper, Charles Berger, Jeremy Wernick, Mark Silverman, and Donald Sperling of CBRE facilitated the transaction.

The total area of the medical office is 112,000 square feet, resulting in a price per square foot of $241.