A North Plainfield office building has been sold for $1.43 million in a deal brokered by Sheldon Gross Realty Executive Vice President Jonathan Glick and Assistant Vice President Matthew Leonelli. The 12,605-square-foot facility was purchased by custom optic lens manufacturer Shanghai Optics, which was represented by Coldwell Banker Realty.
“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.”
Located at 1100 Route 22, Shanghai Optics’ new facility is just a short drive from several key, central New Jersey highways, including Interstates 287 and 78. In addition, it’s only an hour from Midtown Manhattan, and less than 90 minutes from Philadelphia.
“This sale was truly a win-win for all involved, and that was thanks to really excellent overall cooperation,” Glick explains. “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.”
