Executive Drive W Orange, LLC Acquires 300 Executive Drive Office Building For $17 Million
New Jersey
See Similar DealsExecutive Drive W Orange, LLC Acquires 300 Executive Drive Office Building For $17 Million
300 Executive Drive
See Similar DealsSummary
300 Executive Drive is a fully leased office building located in the West Orange market, featuring 129,298 square feet of space. The property was sold for $17,000,000, translating to a price per square foot of $131.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,000,000
- Address: 300 Executive Drive
- Market: West Orange
- Buyer: Executive Drive W Orange, LLC
- Seller: JD Moore & Austin Rolnick - Triumvirate Realty
- Brokers: Andrew Schwartz, Jordan Sobel, Andre Balthazard, and Daniel Bottiglieri - Cushman & Wakefield
- Mortgage Brokers: Brian Anderson and Eddie Miro - Cushman & Wakefield
- Square Footage: 129,298
- Price per Square Foot: $131
Cushman & Wakefield arranged the sale and provided financing for the transaction, representing both the seller, Triumvirate Realty, and the buyer, Executive Drive W Orange, LLC. The firm highlighted the property’s premium amenities and strategic location as important factors for tenant retention and investment value.
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