BASKING RIDGE, NJ–The Garibaldi Group hascompleted a 52,068 square foot building sale at 170 Mount Airy Roadin Basking Ridge, NJ. Peter Blanchard, principal,and Lee Barnes, vice president,represented both the seller, Hooper Holmes Inc.and the buyer, McElroy, Deutsch, Mulvaney &Carpenter. Hired by Hooper Holmes inOctober 2013, The Garibaldi Group was given thetask of disposing of the building, which was constructed in 1970 on8.39 acres.
The building offered a unique opportunity to be a fee simpleowner in the highly desirable area of Somerset County, withimmediate accessibility to the Mt. Airy Road/Interstate 287four-way interchange and also close proximity to other vehiculararteries such as Routes 78, 202 and 206.MDM&C, one of New Jersey's largest law firms,headquartered within five miles of the property, plans to use thebuilding for archival storage, reducing the need to outsourcearchiving to a third party provider.
The Garibaldi Group has been retained byMDM&C as its exclusive representative tomanage leasing approximately 20,000 square feet still available atthe site, in three building pods of approximately 5,000 square feeteach.
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