Gellert Global Group Acquires 2 Giralda Farms Office Building In Madison From JLL Capital Markets
2 Giralda Farms
Building Size
146,366 SF
Asset Type
Office
Closing
Oct 24, 2025
AI
2 Giralda Farms is a Class A office building located in Madison, NJ, encompassing 146,366 square feet. The property has been sold to GGG Realty Holdings LLC, which is a subsidiary of Gellert Global Group, as part of their strategic relocation of the North American headquarters from Fort Worth, Texas.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2 Giralda Farms
- Market: Madison
- Asset Size: 146,366 SF
- Buyer: Andrew Gellert - Gellert Global Group
- Brokers: David Stifelman, Jeremy Neuer, Jose Cruz, Ryan Robertson, Tim Greiner & Michael Pietrowicz - JLL
JLL Capital Markets facilitated the transaction for the sale of 2 Giralda Farms, assisting in consolidating Gellert Global Group's operations to enhance their growth trajectory. The deal involved key individuals from both the buyer and brokerage firms, emphasizing a collaborative effort in navigating this significant transaction.
Players
Madison Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93