383 Route 46 Fairfield was built in 1979. - PROVIDED BY LEE & ASSOCIATES
383 Route 46 Fairfield was built in 1979. - PROVIDED BY LEE & ASSOCIATES
Jessica Perry//May 5, 2025//
A local landmark with a distinctive glass exterior design, a three-story Fairfield office building recently traded hands.
Lee & Associates – WBE announced the $3.6 million sale of the 34,445-square-foot property at 383 Route 46 April 29. Partner Peter Rasmusson represented the seller, the Glassman Family, as well as procured the buyer, Fairfield Real Estate LLC.
Featuring rounded corners and a full-height glass wall exterior, the 1.6-acre property sits at the intersection of Hollywood Avenue and Route 46. Owner-occupied since 1985, Lee & Associates – WBE highlighted the building’s accessibility to major roadways, such as Interstates 80, 287 and 280 as well as Route 23.
“383 Route 46 is a unique office asset with exceptional access and visibility in one of suburban Essex County‘s most desirable places to do business,” said Rasmusson. “The building’s features and ideal location were major draws for the buyer, which will continue the property’s tradition of owner occupancy. This offering was met with significant interest from a diverse group, including both investors and private players.”
According to their websites, tenants at the building also include Medimetriks Pharmaceuticals and Fair Home Healthcare.
Loopnet notes 90-plus on-site parking spaces at the Class B building.
Established in 2024, Lee & Associates – WBE has locations throughout New Jersey. The regional operation of privately owned commercial real estate services firm Lee & Associates maintains more than 80 offices nationwide. Established in 1979, the firm says it has facilitated over $120 billion in transaction volume with upwards of 2 billion square feet in sales and leasing activity over the past five years.