Zimmel Associates, a prominent player in the commercial real estate brokerage sector, is thrilled to announce the successful negotiation of the sale of 1090 King Georges Post Road in Edison, NJ, for an impressive $49,750,000. This expansive property encompasses a sprawling 122,000 square foot office complex, consisting of twelve standalone buildings. Overseeing this prestigious transaction was David Zimmel, President of Zimmel Associates.
1090 King Georges Post Road occupies a prime position at the forefront of Raritan Center, surrounded by distinguished industrial businesses such as Amazon, Arizona Iced Tea, Fuji, Domino’s Pizza, and FedEx, to name a few. This strategic location affords convenient access to major highways, including the Garden State Parkway, Interstate 287, New Jersey Turnpike, and Routes 1 & 9.
The exceptional aspect of this transaction lies in the lasting bond between David Zimmel and the property, tracing its roots to 1994 when he facilitated its sale to Denholtz Properties. Furthermore, subsequent to the acquisition, Zimmel Associates established their corporate headquarters at 1090 King Georges Post Road, Suite 808. Zimmel Associates assumed the role of leasing broker, demonstrating remarkable proficiency in sustaining consistently high occupancy levels for nearly three decades. This unwavering commitment stands as a testament to their enduring expertise as an Owner Representative and Exclusive Broker.
In response to the evolving dynamics of the office and industrial real estate landscape, Denholtz Properties once again sought Zimmel Associates’ strategic guidance. This time, their vision was clear: find a buyer with the ambition to transform the property into a thriving industrial center, aligning with the surging demand for industrial spaces.
After a carefully executed marketing campaign, 1090 King Georges Post Road attracted considerable attention and interest. Federal Business Centers, a well-established entity within the renowned Raritan Center, was particularly drawn to the property’s appeal. Following several months of negotiations, the deal successfully closed in August 2023, marking a significant transaction at $49,750,000.
David Zimmel expressed his enthusiasm, stating, “Over the next 2 to 3 years, as existing leases conclude and the approvals from local authorities are secured, Federal Business Centers is excited to embark on this redevelopment journey. During this transformative phase, we are honored to have been retained to oversee office leasing activities.”
For more information about Zimmel Associates and their commercial real estate services, please visit their website at www.zimmel.com or contact their office directly at (732) 661-9200.
