The concept isn't one that's foreign to the firm previously known as Somerset Development, which in addition to redeveloping the former 2 million-square-foot Bell Labs campus in Holmdel into the "metroburb" it is today, also successfully revamped the property's image as Bell Works.
Joint venture partners The Birch Group and Vision Properties previously enlisted TGG to handle their 228,000-square-foot Class A office offering at the former The Green at Florham Park campus, also in Morris County.
According to the firm, the buyer was interested in the North Jersey market and was immediately drawn to the property's Meadowlands location and investment potential.
The new tenants bring Manors Court Shopping Center to full occupancy.
The nearly 160,000-square-foot location in the Exit 10 submarket will immediately undergo a multimillion-dollar renovation.
The single-tenant office building is fully leased, featuring a modern lobby, kitchen, conference rooms and 120 parking spots.
The communities in Irvington and South Orange total 55 units.
Cushman & Wakefield represented both the tenant and landlord in bringing a new occupant to the property redeveloped by The STRO Cos.
According to the firm, the new owners will use the site for a distribution and supply business.
The location — adjacent to Route 80 and near to the George Washington Bridge — attracted the new tenant, which allows the Brooklyn-based company to reach customers in North Jersey and New York City's five boroughs.
Back in September, the fast-casual restaurant announced it would enter the state after inking a 14-location franchise agreement with Amit Patel to expand the brand to Bergen, Passaic, Essex, Hudson and Union counties.
Mark Jackson's appointment comes as the exclusive real estate services provider for the Millstein Family office prepares to embark on a multistate expansion.