745 Route 202/206 in Bridgewater — Courtesy: Cushman & Wakefield
By Joshua Burd
An investment firm is planning renovations to a Bridgewater office building after recently completing its purchase of the property, brokers with Cushman & Wakefield announced.
The buyer, Highstone Equity Group, paid an undisclosed price for the 58,233-square-foot building at 745 Route 202/206. It now expects to upgrade the asset’s common areas, according to C&W, which represented a client of Washington Capital Management Inc. in the sale.
“Bridgewater continues to maintain a high concentration of major corporations and businesses across various industries,” C&W’s Andrew Schwartz said. “Given its strategic central New Jersey location and proximity to Pennsylvania, the property has the ability to draw from a vast, well-educated labor pool.”
Schwartz brokered the deal alongside Andrew Merin, David Bernhaut, Jordan Sobel, Frank DiTommaso and Michael Burgio, with assistance from C&W office leasing specialists Shawn Straka and Joseph Ratner. They said the three-story property, known as Bridgewater 745, is five minutes from the interchange of interstates 78 and 287, with easy access to routes 22 and 28.
