Pentaurus Properties LLC Acquires Office Property On Lindsley Drive In Morristown For $9.7M

Pentaurus Properties LLC has acquired an office property located at 25 Lindsley Drive in Morristown. The property spans 5 acres and features a total area of 76,308 square feet. The transaction was facilitated by Cushman & Wakefield brokers David Bernhaut, Andy Schwartz, Jordan Sobel, and André Balthazard.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $9,725,000
• Date: 02/07/2022
• Address: 25 Lindsley Drive, Morristown
• Market: Morristown
• Buyer: Pentaurus Properties LLC - J.D. Moore
• Seller: Lindsley Drive Associates LLC
• Brokers: David Bernhaut, Andy Schwartz, Jordan Sobel, and André Balthazard - Cushman & Wakefield

This transaction marks the successful acquisition of the office property by Pentaurus Properties LLC, represented by J.D. Moore. The sale price for the property amounts to $9,725,000, with a price per square foot of $127, highlighting the value of the asset.