The property involved in this transaction is an office asset located at 310 Madison Avenue in Morristown. It was sold for a total amount of $13,200,000 and encompasses 58,440 square feet, resulting in a price per square foot of $226. It is noteworthy that the property is fully leased and anchored by 12 medical tenants, situated near Morristown Medical Center.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,200,000
• Address: 310 Madison Avenue
• Market: Morristown
• Asset Size: 58,440 SF
• Price Per SF: $226
• Buyer: Kimberly Sorrentino - Pentaurus Properties
• Seller: Blake Silverman - The Silverman Group
• Brokerage: Cushman & Wakefield
• Deal Representatives: David Bernhaut, Gary Gabriel, Frank DiTommaso, Andrew Schwartz, Jordan Sobel, Bill Baunach, Andre Balthazard, Daniel Bottiglieri

Cushman & Wakefield facilitated the sale of the Madison Avenue Medical Plaza, with the property acquiring an affiliate of Pentaurus Properties. The seller, The Silverman Group, engaged the services of David Bernhaut and his team in representing them throughout the transaction.