1100 Route 22 in North Plainfield — Courtesy: Sheldon Gross Realty
By Joshua Burd
An optic lens maker has acquired a nearly 13,000-square-foot office building in North Plainfield, brokers with Sheldon Gross Realty announced Tuesday.
The buyer, Shanghai Optics, paid $1.43 million for the property at 1100 Route 22 and will occupy part of the 12,605-square-foot space while continuing to lease out the balance. With its new location, the company is minutes from key highways such as interstates 287 and 78.
Sheldon Gross Realty Executive Vice President Jonathan Glick and Assistant Vice President Matthew Leonelli represented the seller.
“This building, which includes the offices of several professional service providers, was an exceptional fit for the buyer,” Leonelli said. “It provided Shanghai Optics with more than enough space for its office needs, which enables the company to retain and collect rent from some previous tenants.”
Coldwell Banker Realty represented the custom optic lens manufacturer.
“This sale was truly a win-win for all involved, and that was thanks to really excellent overall cooperation,” Glick said. “Our client gave us the time to appropriately assess the market and then do the necessary outreach to potential buyers. And it certainly paid off.”
