Colliers, a leading diversified professional services and investment management company, has arranged the sale of 45 Technology Drive, a 45,800-square-foot vacant office building in Warren. Colliers represented the seller and procured the buyer, an end-user. Financial details were not available.
The sale comes as owner-user acquisitions continue to shape New Jersey’s office market, with companies increasingly seeking long-term control, operational flexibility and cost stability through ownership. The deal was facilitated by Colliers team led by Vice Chair Jacklene Chesler, Senior Vice President Patrick Norris and Transaction Manager Brittany Leventoff.
The property is a 45,800-square-foot vacant office building within an office condominium association, offering square, efficient floorplates ideal for flexible space planning.
Located in a well-established and expanding STEM corridor, the property benefits from access to a strong regional workforce and offers connectivity to interstates 78 and 287 and U.S. Route 22, enabling extensive access throughout northern New Jersey.
“As evident in the current market, owner-user demand continues to be one of the most active segments of New Jersey’s commercial real estate transactions,” said Chesler, vice chair at Colliers. “We’ve completed a number of successful transactions with end-users across the state, reflecting the continued interest from companies seeking long-term stability and control through ownership.”
This transaction further underscores Colliers’ investment sales team’s success in arranging office acquisitions for owner-users across New Jersey. Recent transactions include 1 Jefferson Road and 45 Waterview Blvd. in Parsippany, 80 Cottontail Lane and 676 Franklin Blvd. in Somerset.
Colliers has completed over 500,000 square feet of owner‑user transactions across Morris and Somerset counties within the past eight months.
