Whippany, N.J. (March 8, 2018) – NAI James E. Hanson announced the sale of a 19,900-square-foot professional office building located at 760 Route 10 West in Whippany, N.J. NAI James E. Hanson’s Joseph Vindigni, Arthur Hixson, Barry Mayer and Andrew Kirshenbaum represented both the seller, 760 Associates, Inc., and the buyer, Michael Rose, in the transaction.
760 Route 10 West is a two-story, 19,900-square-foot professional office building with excellent frontage on a highly visible section of Route 10 in Whippany, N.J. The property is conveniently located in close proximity to Interstates 80 and 287 as well as Routes 46 and 280 and 46, and features an elevator, several spacious suites on both the first and second floors, and a large lot with abundant parking. The buyer, Michael Rose, is an entrepreneur with many businesses, who was looking to expand his practice and continue to serve his clients.
“Our current low rate environment and elevated demand for office space has presented business owners with a prime opportunity to also become property owners. The buyer recognized the prospect to purchase a well-kept, centrally-located building that provided the opportunity to operate his business and reap the benefits of long-term office ownership,” said Vindigni. “Our experience in the marketplace and the office sector enabled us to negotiate a deal that was beneficial for both our clients.”