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2 Giralda Farms

Gellert Global Group Acquires 2 Giralda Farms Office Building In Madison From JLL Capital Markets
SOLDOffice

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:

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

Jeremy Neuer

JLL

Broker

$1.9B

vol

45 deals

Broker
JLL
JLLBrokerage

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