Colliers said April 6 it helped orchestrate the sale of a multi-tenant office building located in Lyndhurst.
Bergman Real Estate Group sold the 118,465-square-foot, three-story building to real estate firm BHN Associates.
Located at 1099 Wall St. W., the asset, which was originally built in 1971, was designed as three buildings connected by a full-height common atrium lobby with an open stairwell—each with its own individual entryway, elevator and restrooms. The property recently underwent a $1.2 million renovation and features state-of-the-art amenities including a café, a game room and lounge, a training and a conference center, and professionally landscaped grounds with an outdoor seating area.
“The interest we received in this incredible asset is proof of the long term strength of the office sector in New Jersey,” said Executive Managing Director Jackelene Chesler. “We’re starting to see many more businesses come back to the office in a hybrid model and this property is a leading example of what both businesses and employees will be looking for in the post-COVID workplace.”
Located in a prime location within Bergen County, 1099 Wall St. W. offers tenants easy access to major roadways including Routes 3 and 17, and the New Jersey Turnpike, and is also close to popular hotels, shopping locations, restaurants and entertainment.
A Colliers team led by Chesler along with Managing Director Matthew Brown and Associate Director Patrick Norris marketed the property and completed the transaction.