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BERNARDS TWP., NJ-James J. Johnston, a local investor, has acquired the 32,000-sf 701 Martinsville Rd. office building from ProLogis. The sale price was not disclosed, although the seller had been asking $5.5 million for the building, according to Stan Kurzweil, a senior vice president in the Somerset, NJ office of Colliers Houston & Co. Kurzweil and George P. Molloy, president of GM Realty Advisors of Hillsborough, NJ, arranged the transaction.

The buyer has already leased the entire structure, which sits on a 13.5-acre site, to Couch Braunsdorf Insurance Cos. The latter, an independent agency offering commercial, personal, title and life insurance, is moving its headquarters here from Westfield, NJ.

The one-story building is the former world headquarters of CSI Inc., a data warehousing company now based in East Hanover, NJ. Before that, the property was the main office for Ingersoll-Rand’s Tool Hoist Division.

Colliers Houston and GM Realty Advisors have also gotten the assignment to find someone to fill Couch Braunsdorf’s former headquarters in Westfield. The three-story downtown property, which combines offices and retail, is currently available for lease or sale, according to Kurzweil.

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