Friendwell Management USA Sells Edison Square West Office For $11.7M With Colliers Representation

The property asset involved in this transaction is a Class A office space located at 2035 Lincoln Highway, Edison, NJ. The total sale price for the asset was $11,700,000. The property encompasses a total square footage of 98,556, with a price per square foot calculated at $119.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,700,000
• Location: 2035 Lincoln Highway, Edison, NJ
• Square Footage: 98,556
• Price per Square Foot: $119
• Seller: Jason Cheng - Friendwell Management USA
• Broker Representatives: Jacklene Chesler, Patrick Norris & Brittany Leventoff - Colliers

In this transaction, Friendwell Management USA sold its Edison Square West office headquarters through a negotiated pre-auction sale. The company will continue to occupy the building under a sale-leaseback arrangement. The office property has 17,000 square feet of immediate vacancy, along with an additional 13,000 square feet that is predicted to become available as Friendwell downsizes its operations.