JLL Capital Markets announced Oct. 24 the sale of 2 Giralda Farms, a 146,366-square-foot Class A office building in Madison. Giralda Farms is a professional campus on the former Geraldine Rockefeller Dodge Estate.
JLL represented the institutional seller in the sale, as well as the buyer, GGG Realty Holdings LLC, a subsidiary of Gellert Global Group. The acquisition marks a strategic consolidation as GGG establishes its new corporate headquarters to support continued growth across its North American food importing operations. It was formerly based in Fort Worth, Texas. GGG was represented by David Stifelman, senior managing director, in the sale.
“This acquisition supports GGG’s growth objectives,” said CEO Andrew Gellert. “Bringing operations together encourages collaboration and entrepreneurship, while the facility’s location and amenities are well-suited to our expansion.”
The four-story building, constructed in 2001, served as the former United States headquarters for global shipping giant Maersk before being leased by pharmaceutical company Merck through mid-2025.
Located within the 181-acre Giralda Farms campus, the property offers amenities, including a fitness center, sample kitchen, cafeteria area with indoor and outdoor seating areas, conference center with auditorium and boardroom. A covered, below-grade parking garage provides 369 spaces, with an additional six surface spaces for a total of 375 parking spaces.
Giralda Farms is adjacent to the 883-acre Loantaka Brook, minutes from downtown Madison and Morristown, and located between Drew University and Fairleigh Dickinson University.
JLL Capital Market’s Investment Sales and Advisory team, representing the seller, was led by Senior Managing Directors Jeremy Neuer and Jose Cruz and Senior Director Ryan Robertson, in conjunction with Tim Greiner, executive managing director, and Mike Pietrowicz, senior vice president.
