Walton Building Lures Investors

North Brunswick, NJ-based Bergman Real Estate Group and joint venture partner Geometry Realty of New York City have acquired 242 Old Brunswick Rd., a 105,000-sf, four-story office property in Piscataway, NJ. The purchase price was not disclosed.

The Walton Building and an adjoining seven acres were purchased from Linden Investment Co., which was represented by Rick Heilmann and John O’Hearn of the Sitar Co.-ONCOR International, Iselin, NJ. According to vice president Michael Bergman, the property’s original 1982 master plan called for a twin building connected to the 105,000-sf Walton building. The zoning is still in place and a review of the plans could finally lead to development of the twin. A common area upgrade is said to be in the works.

Primary tenants are QualCare Corp., NCS Corp., Willis Corroon, Crystal Mortgage and Modis Professional Services.