An office condominium unit has sold in Cedar Knolls, according to real estate firm NAI James E. Hanson.
The building is a two-story, 62,000-square-foot office building housing a range of tenants. The condo unit sold is a first-floor corner unit that will become the Ridgedale-based technology solutions provider’s second office in the state.
NAI Hanson’s Josh Levering and William Ericksen represented the seller in the transaction.
“The COVID-19 pandemic has forced many office users throughout the state to reevaluate their space needs in relation to their current footprints, and consolidate their operations where it makes sense to do so,” Levering said. “The transaction at 7 Ridgedale Ave. is yet another manifestation of that trend, and we were pleased to help our client quickly secure a buyer for the space so the nonprofit organization they were representing could lower its overhead costs as it sought to continue to give back to the community in these challenging times.”