1200 Tices Lane in East Brunswick — Courtesy: Cushman & Wakefield
By Tina Traster
Cushman & Wakefield has negotiated the sale of a 30,000-square-foot office property in East Brunswick for $7.5 million.
According to the brokerage team, the building at 1200 Tices Lane is fully leased to a single tenant. C&W’s Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller, Adoni Property Group LLC, and procured the buyer, SiriVarsha Tices LLC, while Brad Domenico of Progress Capital assisted with financing.
“East Brunswick continues to thrive as a high-demand office market and this fully leased property provided strong potential to maintain stable cash flow,” Sobel said. “The property received significant interest because of its ideal location and modern amenities.”
With a modern lobby, kitchen, conference rooms and 120 parking spaces, 1200 Tices Lane sits off the New Jersey Turnpike, allowing for direct access to the surrounding neighborhoods and New York City.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
