BASKING RIDGE, NJ–The Garibaldi Group has completed a 52,068 square foot building sale at 170 Mount Airy Road in Basking Ridge, NJ. Peter Blanchard, principal, and Lee Barnes, vice president, represented both the seller, Hooper Holmes Inc. and the buyer, McElroy, Deutsch, Mulvaney & Carpenter. Hired by Hooper Holmes in October 2013, The Garibaldi Group was given the task of disposing of the building, which was constructed in 1970 on 8.39 acres.
The building offered a unique opportunity to be a fee simple owner in the highly desirable area of Somerset County, with immediate accessibility to the Mt. Airy Road/Interstate 287 four-way interchange and also close proximity to other vehicular arteries such as Routes 78, 202 and 206. MDM&C, one of New Jersey's largest law firms, headquartered within five miles of the property, plans to use the building for archival storage, reducing the need to outsource archiving to a third party provider.
The Garibaldi Group has been retained by MDM&C as its exclusive representative to manage leasing approximately 20,000 square feet still available at the site, in three building pods of approximately 5,000 square feet each.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
