SOLD
Community Healthcare Associates Acquires 350K SF Holmdel Office Building For $17.5M
23 Main Street
Office
350,000 SF
350,000 SF
Sold 196 days ago
Summary
Sale
NEW JERSEY
Office
350,000 sqft
The former Vonage headquarters in Holmdel, a 350,000-square-foot office building located at 23 Main Street, has been sold for $17.5 million. The buyer was 23 Main Street Propco LLC, an affiliate of Community Healthcare Associates, represented by William Colgan. The seller was Veris Residential, formerly known as Mack-Cali Corp., with Mahbod Nia serving as their representative in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $17,500,000
- Square Footage: 350,000
- Price Per Square Foot: $50
- Address: 23 Main Street, Holmdel
- Market: Holmdel
Community Healthcare Associates, represented by William Colgan, acquired the property from Veris Residential, represented by Mahbod Nia. The former Vonage headquarters provides a significant opportunity for Community Healthcare Associates to expand their presence and meet the growing demand for office space in Holmdel.
Details
SOLD
IMAGE: William Colgan & Mahbod Nia
DATE: 10/13/2023
ADDRESS: 23 Main Street
MARKET: Holmdel
ASSET TYPE: Office
BUYER: Community Healthcare Associates - William Colgan
SELLER: Veris Residential (@VerisResidential) - Mahbod Nia
SALE PRICE: $17,500,000
SF: 350,000 ~ PPSF: $50
NOTE: The former Vonage headquarters in Holmdel, a 350,000-square-foot office building at 23 Main St., has been sold for $17.5 million to 23 Main Street Propco LLC, an affiliate of Community Healthcare Associates. Vonage had relocated to Bell Works, and Veris Residential (formerly Mack-Cali Corp.) was the previous owner of the property.View on map
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Address23 Main Street
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