Mountain Development Corp. Buys Property From Waterfall Asset Management At 30 Technology Dr S Warren

The property involved in this transaction is a 95,111-square-foot office building located at 30 Technology Drive S in Warren, NJ. Constructed in 1987, the Class B property was 92 percent leased at the time of the sale to tenants in the medical, engineering, and technology sectors. The market for this property is Warren, NJ.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: Undisclosed
• Address: 30 Technology Dr S, Warren, NJ, 07059
• Market: Warren
• Seller: Waterfall Asset Management
• Buyer: Mountain Development Corp. (MDC)
• Seller's Representative: Kevin Welsh & Jason Emrani - Newmark
• Leased Percentage: 92%
• Year Built: 1987

The transaction was facilitated by Kevin Welsh, Brian Schulz, and Jason Emrani of Newmark, who represented the seller, a joint venture between Ivy Realty and Waterfall Asset Management. The team was also responsible for procuring the buyer, Mountain Development Corp.