Partnership Buys 63,000-SF Office Building

FRANKLIN, TWP., NJ-BG Davidson Associates is the official name of the new owner of 100 Davidson Ave., a 63,000-sf office building it recently acquired from Lincoln Property Co. The purchase price was not announced for the property, which sits on just over three acres adjacent to a Marriott Hotel and Conference Center just off I-287.

BG Davidson is the joint venture name for Bergman Real Estate Group of North Brunswick, NJ and Grand Realty Group of Summit, NJ. The latest deal is the second such transaction the two firms have chalked up in recent months.

Greg Silverstein, president of Grand Realty, and Jerome Bergman, president of the firm that bears his name, represented the partnership in the transaction, as well as in obtaining acquisition financing provided by GMAC commercial mortgage. Andrew Merin, David Bernhaut and Gary Gabriel of Cushman & Wakefield of New Jersey, East Rutherford, handled the sale on behalf of Lincoln Property Co. Bergman will manage and lease the asset.