GVA Williams Sells 76,160-SF Flex Facility

MONTVILLE, NJ-The high-tech/flex building, which moves from the portfolio of FLL Associates, is 84% leased to Axsys Technology, Servo Systems and Ficom Corp. The building was constructed in 1982.

By Eric Peterson | April 03, 2001 at 01:01 AM

The 76,160-sf building, built in 1982, was sold to an unnamed West Orange, NJ-based buyer. The latter was seeking a 1031 exchange to accommodate partnership needs. The seller had given GVA Williams of New Jersey to exclusive to market the property.

The building is currently 84% leased to three technology-based tenants: Axsys Technology, Servo Systems and Ficom Corp. The property is located near the intersection of I-287 and Route 202 in the northern part of the state.

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