NAI James E. Hanson said Jan. 26 it negotiated the sale of an 8,340-square-foot office condominium in Cedar Knolls. NAI James E. Hanson’s Josh Levering and William Ericksen represented the seller, Redlands Corp., a third-party entity representing the nonprofit tenant and owner of the unit, in the transaction with Safari Solutions.
Located at 7 Ridgedale Ave., the asset sits within a two-story 62,000-square-foot office building that houses a range of professional and office tenants. Located at the intersection of Route 10 and Ridgedale Ave., the property features a strategic and convenient location in Cedar Knolls. A first-floor corner unit is in pristine condition and boasts a modern layout with glass entrance doors, both large and small conference areas, perimeter offices and central workstations. Further enhancing the value of the transaction was the inclusion of modern fixtures and furniture as well as IT, security and filing systems utilized by the previous owner.
Safari Solutions is a strategic technology solutions provider with over 25 years of experience serving as a trusted technology partner helping clients grow or sustain their business through advisory services and best in class technology services for temporary events. With an office in Riverdale, Safari Solutions was looking to expand its operations and establish a second office location in New Jersey. With a prime location, modern layout and an attractive, all-inclusive deal, Safari Solutions recognized the value of securing the 7 Ridgedale Avenue condominium to serve as its newest office location.
Josh Levering stated, “The COVID-19 pandemic has forced many office users throughout the state to reevaluate their space needs in relation to their current footprints and consolidate their operations where it makes sense to do so. The transaction at 7 Ridgedale Avenue is yet another manifestation of that trend and we were pleased to help our client quickly secure a buyer for the space so the nonprofit organization they were representing could lower its overhead costs as it sought to continue to give back to the community in these challenging times.”