WARREN, NJ – Newmark Knight Frank has sold the multi-use building at 30 Technology Dr. S. in Warren, NJ, on behalf of the joint-venture partnership, Ivy Realty and Waterfall Asset Management.
Purchased by Mountain Development Corporation, the two-story, 95,111-square-foot building comprises office, production, warehouse, and research and development space. The property is currently 92% leased to an array of STEM tenants within the medical device, engineering and technology sectors.
The seller recently a capital improvement program at the property, which encompassed a new roof, façade and site work, and upgrades to the lobby and common areas.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
