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SOMERSET, NJ-Denholtz Associates has completed its acquisition of 3 Executive Dr., a five-story, 86,000-sf office building in this section of Franklin Twp. With the pick-up, the Rahway, NJ-based Denholtz now owns all of Somerset Executive Square, a three-building office complex totaling 252,000 sf. The seller was an investor group; the sale price was not disclosed.

“This most recent acquisition reflects our ability to source value-add investment opportunities throughout the region,” says Steven Denholtz, the company’s president. “We now own the entire complex.”

The value-add opportunity in this case involves substantial vacant space at 3 Executive Dr. To fill that space, Denholtz has given the assignment to in-house leasing reps Steven Geltzeiler and David Zaro.

Besides 3 Executive Dr., Somerset Executive Square includes 1 and 2 Executive Dr. The latter are twin four-story buildings totaling 166,000 sf.

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