Opal Holdings Acquires Office Properties In Edison & Iselin NJ For $254M

The recent closed property transaction involves the sale of two office buildings located at 333 & 343 Thornall Street and 99 & 101 Wood Avenue South in Edison & Iselin, NJ. The buyer for this transaction is Opal Holdings, represented by Shaya Prager, while the seller is Mack-Cali Realty Corporation. The transaction was facilitated by brokers Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso, Seth Zuidema, Adam Spies, and Kevin Donner from Cushman & Wakefield. The property has a total area of 945,906 square feet, with a price per square foot of $269. The sale price for this transaction amounts to $254,000,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $254,000,000
• Address: 333 & 343 Thornall Street, 99 & 101 Wood Avenue South
• Market: Edison & Iselin NJ
• Buyer: Opal Holdings - Shaya Prager
• Seller: Mack-Cali Realty Corporation
• Brokers: Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso, Seth Zuidema, Adam Spies, and Kevin Donner - Cushman & Wakefield
• Square Footage: 945,906
• Price per Square Foot: $269

This transaction highlights the involvement of various key individuals and companies. Opal Holdings, led by Shaya Prager, acted as the buyer in this deal, while Mack-Cali Realty Corporation served as the seller. The transaction was facilitated by a team of brokers from Cushman & Wakefield, including Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso, Seth Zuidema, Adam Spies, and Kevin Donner. Their expertise and negotiation skills contributed to the successful completion of the transaction.