Peter Feldman Of Legacy Real Estate Developers Acquires Mixed-Use Property In Dover For Cash

The property asset involved in this transaction is a mixed-use facility located at 570 Mount Pleasant Avenue in Dover, NJ. The site encompasses 126,108 square feet of space and sits on 22.8 acres. The transaction was conducted as an all-cash deal.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not specified
• Address: 570 Mount Pleasant Avenue
• Market: Dover
• Square Footage: 126,108
• Acres: 22.8
• Buyer: Peter Feldman - Legacy Real Estate Developers
• Seller: Salvatore Frassetto - Saddleback Real Estate Developers; Commerce Park Investors
• Broker: Elli Klapper - CBRE

Legacy Real Estate Developers, in partnership with Saddleback Real Estate Developers and Commerce Park Investors, executed the acquisition of the former Casio America HQ, which will undergo light renovations. This mixed-use property is projected to be marketed for lease or sale in early 2026.