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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.