Community Healthcare Associates Acquires 350K SF Holmdel Office Building For $17.5M

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.