220-davidson-ave-somerset-nj

HFF Brokers Sale of 161,217 SF Office Building in Somerset, New Jersey

by Amy Works

SOMERSET, N.J. — HFF has arranged the sale of an office building located at 220 Davidson Ave. in Somerset. A private buyer acquired the four-story, 161,217-square-foot property from an affiliate of NextBridge Group and Two Kings Real Estate Co. for an undisclosed price. Situated on 9.2. acres, the property was 85 percent occupied at the time of sale by a variety of tenants, including McKesson, Berkshire Hathaway and the American Arbitration Association. Renovated in 2007, the property features an atrium lobby with marble finishes, full-service café and fitness center with showers and lockers. Jose Cruz, Kevin O’Hearn, Stephen Simonelli and Michael Oliver of HFF represented the seller in the transaction.

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