Unknown Private Equity Group Acquires Piscataway Property From J.H. Snyder For $11M

The property asset involved in the transaction is One Centennial Plaza, located at 1 Centennial Ave, Piscataway, NJ. The Class A office complex has a total square footage of 245,106 and was sold for $11,000,000.00. This building comprises two three-story office buildings and a 4,000-square-foot, three-story glass-enclosed atrium.

Summary of transaction details:

• Property Type: Office Complex
• Transaction Amount: $11,000,000.00
• Square Footage: 245,106
• Address: 1 Centennial Ave, Piscataway, NJ
• Market: Piscataway
• Seller: J.H. Snyder
• Buyer: Unknown Private Equity Group
• Seller's Representatives: Jack Callahan-Colliers International, Jonathan Schlussel-Colliers International
• Occupancy Rate: 72 percent
• Key Tenants: Johnson & Johnson, Ingersoll, Paychex
• Recent Lease: 30,000-square-foot lease signed by Paychex

Colliers International played a significant role in facilitating the sale, with Jacklene Chesler leading marketing efforts alongside Richard Madison, Jonathan Schlussel, and Jack Callahan. The firm represented both the seller and the buyer in this transaction, highlighting their extensive involvement in the deal.