FLORHAM PARK, NJ—JLL has sold a 250,589-square-foot office building at 160 Park Ave. here to a company that manufactures power transfer switches, which will relocate from elsewhere in Florham Park. The sale price was not disclosed.
JLL's Jonathan Meisel and Dennis McConnell, assisted by Dan Spero, represented the seller, Columbia Property Trust. The buyer is Automatic Switch, which has occupied its current facility on Hanover Road for more than 80 years.
Meisel says that the Park Avenue building, previously occupied by ATT Shannon Labs, had for years “quietly served as a crucible of incredible telecommunications discoveries and ground-breaking mobile communications innovations.” He says JLL pursued the deal with Automatic Switch this way:
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