Denholtz acquires Somerset office building.Denholtz Associates recently acquired 3 Executive Drive, a five-story, 86,000 s/f office building in the Somerset Executive Square office complex in Somerset, New Jersey Somerset is a census-designated place and unincorporated area located at the eastermost section within Franklin Township, in Somerset County, New Jersey. As of the United States 2000 Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations. . With the completion of this purchase, Denholtz Associates now owns the entire 252,000 s/f office property, which includes 1 and 2 Executive Drive. "We are very pleased to announce the acquisition of 3 Executive Drive and to now own the entire Somerset Executive Square complex," said Steven Denholtz, president, Denholtz Associates. "This most recent acquisition reflects our continued ability to source value-add investment opportunities throughout the region." Somerset Executive Square is a three building property consisting of two, four-story office buildings (1 and 2 Executive Drive) totaling 166,000 square feet and the newly acquired 86,000-square-foot five-story office building at 3 Executive Drive. Onsite amenities include a cafeteria cafeteria: see restaurant. , banking, professional property management, covered executive parking, 24/7 building access and abundant parking. Situated just off Interstate 287, the complex is a short distance from the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". , New Jersey Turnpike
Newark Liberty International Airport (IATA: EWR, ICAO: KEWR, FAA LID: EWR), first named Newark Airport and later Newark International Airport . There are also many nearby amenities including hotels and conference centers. Steven Geltzeiler and David Zaro from Denholtz Associates will handle the leasing for the complex. |
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