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Bergman Real Estate Group Flips New Providence, NJ, Office Asset

NEW PROVIDENCE, NJ—Bergman Real Estate Group has sold 121 Chanlon Road in New Providence. Cushman & Wakefield's Metropolitan Area Capital Markets Group arranged the property's sale to a private entity that was not identified.

By Steve Lubetkin | stevelubetkin | Updated on June 13, 2016

121 Chanlon Road, New Providence, NJ 121 Chanlon Road, New Providence, NJ

NEW PROVIDENCE, NJ—Bergman Real Estate Group has sold 121 Chanlon Road in New Providence. Cushman & Wakefield’s Metropolitan Area Capital Markets Group arranged the property’s sale to a private entity that was not identified.

Situated on 6.5 acres within the Murray Hill section of New Providence, the 112,260-square-foot, four-story building initially was constructed for a single user. Bergman acquired the property in October 2014, repositioned it as a multi-tenant asset, and today it is 85 percent leased to a diverse group of companies in publishing, technology and healthcare, among others.

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