A medical office building located at 10 James Street in Florham Park has been sold for $4.62 million. The property spans 18,000 square feet and sits on a 1.19-acre lot. The transaction was facilitated by Cushman & Wakefield.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $4,620,000
• Square Footage: 18,000
• Address: 10 James Street
• Market: Florham Park

The buyer of the property is Desai Holdings, represented by Shreekesh Desai. The seller, on the other hand, is the Silverman Group, led by Jeff Silverman. The deal was brokered by Frank DiTommaso, Andy Schwartz, Jordan Sobel, Andre Balthazard, and Dan Bottiglieri of Cushman & Wakefield.

The medical office building at 10 James Street is fully leased and strategically located with easy access to transportation and amenities. The sale marks a successful transaction in the Florham Park market, further solidifying the presence of both Desai Holdings and the Silverman Group in the area.