1099 Wall Street West in Lyndhurst — Courtesy: Colliers International
By Joshua Burd
Bergman Real Estate Group has sold a nearly 120,000-square-foot office building just south of Route 3 in Lyndhurst, according to a brokerage team with Colliers International.
The real estate services firm, which represented Bergman in the transaction at 1099 Wall Street West, said Tuesday that BHN Associates purchased the property for an undisclosed price. The deal follows a recent $1.2 million renovation at the multitenant building, which has amenities such as a café, a game room and lounge, a training and a conference center and landscaped grounds with outdoor seating.
The Colliers team of Executive Managing Director Jacklene Chesler, Managing Director Matthew Brown and Associate Director Patrick Norris brokered the transaction.
“The interest we received in this incredible asset is proof of the long-term strength of the office sector in New Jersey,” Chesler said. “We’re starting to see many more businesses come back to the office in a hybrid model and this property is a leading example of what both businesses and employees will be looking for in the post-COVID workplace.”
Built in 1971, 1099 Wall Street West was designed as three buildings connected by a full-height common atrium lobby with an open stairwell, each with its own individual entryway, elevator and restrooms. The 118,465-square-foot property is just off routes 3 and 17 and minutes from the New Jersey Turnpike, along with hotels, retail and other amenities.