Lee & Associates New Jersey has negotiated the $4.4 million sale of Forsgate Commons, a 26,295-square-foot office building in Jamesburg, New Jersey. The commercial real estate firm’s Beth Chezmar represented the seller in the transaction.
“The buyer, a not-for-profit organization, was initially attracted to the property’s Central Jersey location, the building size and its stately construction,” Chezmar said.
Forsgate Commons was originally constructed in 1930 as Jamesburg High School and renovated for multi-tenant office use in the 1980s. Situated on 3.3 acres, the two-story, Art Deco building features a park-like setting with easy access to the New Jersey Turnpike, Route 130 and other regional thoroughfares. Its tenants include many long-term occupiers in a range of industries.
Dan De Palma of North American Realty, who represented the buyer, added, “The ample parking capacity and ability to occupy a portion of the building on closing were major factors in my client’s decision to move forward with the acquisition.”
