Signature Acquisitions Buys Property From The Silverman Group With Buyer's Rep Gary Gabriel

A three-building office park located at 110 Allen Rd, Bernards, NJ 07920 in the Basking Ridge market has been sold. The property consists of 524,260 square feet across three, four-story Class-A buildings. The buildings, previously acquired in separate transactions since 2010, have been rebranded as The Offices at Liberty Corner and are situated immediately off I-78 at Exit 33.

Summary of transaction details:

• Property Type: Office Park
• Transaction Amount: Not disclosed
• Buyer: Signature Acquisitions
• Seller: The Silverman Group
• Buyer's Representative: Gary Gabriel-Cushman & Wakefield
• Other Key Representatives: Andrew Merin, David Bernhaut, Brian Whitmer, Frank DiTommaso II
• Leasing Agents: Bill Brown, Ben Brenner, MariaGrace Iantosca

The transaction was facilitated by the investment sales team of Cushman & Wakefield’s East Rutherford, N.J. office. The Park features a diverse tenant base with over 40 tenants benefiting from shared amenities. The location experienced occupancy growth from 93% to near-full during the marketing period, demonstrating interest from various companies seeking quality office space in the area.