East Brunswick office property sells for $7.25M, CushWake says

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The office building accounting firm WilkinGuttenplan calls home in East Brunswick has a new owner.

Cushman & Wakefield announced June 27 it arranged the sale of 1200 Tices Lane, a 30,000-square-foot property, for $7.25 million.

The firm’s Andrew Schwartz, Jordan Sobel and Andre Balthazard represented Adoni Property Group LLC, the seller, and procured the buyer for the property, SinVarsha Tices LLC. Brad Domenico from Progress Capital assisted with financing, Cushman & Wakefield said.

The single-tenant office building is fully leased, featuring a modern lobby, kitchen, conference rooms and 120 parking spots.

According to Sobel, 1200 Tices Lane generated significant interest due to its amenity offerings and ideal location—off of the New Jersey Turnpike with direct access to its surrounding Middlesex County neighborhoods, and New York City.

“East Brunswick continues to thrive as a high-demand office market and this fully leased property provided strong potential to maintain stable cash flow,” he said.

According to WilkenGuttenplan’s website, the firm purchased the East Brunswick property that houses its headquarters in 1985, receiving final township approval, constructing the building and taking up occupancy at the new space in mid-1986.

Adoni Property Group purchased the property five years ago, Cushman & Wakefield said.

WilkenGuttenplan did not return a request for comment before press time.