AVG Partners Acquires Office Property In Bridgewater, NJ For $260.6M

The office property located at 55 Corporate Drive in Bridgewater, NJ has been sold in a transaction. The property spans approximately 150 acres and is categorized as an office asset. The sale took place on 01/25/2022.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $260,600,000
• Square Footage: 675,000
• Price per Square Foot: $386
• Address: 55 Corporate Drive, Bridgewater, NJ
• Market: Bridgewater, NJ

The buyer of the property is AVG Partners, and the seller is American Finance Trust. The transaction was facilitated by a team of brokers from CBRE including Jeremy Neuer, Jeffrey Dunne, Steve Bardsley, David Gavin, Rich Gatto, Fahri Ozturk, Travis Langer, Zach McHale, and Michael Monahan.