Bochasanwasi Akshar Purushottam Swaminarayan Sanstha Purchases Office In Bridgewater For $6.15M

Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) acquired an office property located at 1130 Us Highway 22 in Bridgewater for $6,150,000. This asset encompasses 66,500 square feet and is situated on a 21-acre site, which is part of the CenterPointe I office park. The property was previously occupied by Allstate.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $6,150,000
• Buyer: Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS)
• Seller: Sig 1130, LLC
• Broker: Jacklene Chesler - Colliers
• Square Footage: 66,500
• Price Per Square Foot: $92
• Acres: 21
• Market: Bridgewater

This transaction showcases the involvement of Jacklene Chesler from Colliers, who facilitated the deal between the buyer and seller. The purchase indicates a continuing trend of suburban office owner-user acquisitions, although BAPS has not revealed its intended purpose for the building.