PISCATAWAY, NJ-The two side-by-side class B office buildings at 200 and 220 Centennial Ave. here have been put up for sale by owner Andalex Realty of New York City. And Andalex has hired the Manhattan-based Eastern Consolidated to find a buyer for the assets, which total just more than 138,600 sf on 10 acres.

For Eastern Consolidated, executive directors Eric Anton and Ronald Solarz, along with financial analyst Paul J. Nigido are handling the assignment. Anton expects the sale to draw a number in the $11 million range, which if achieved, would amount to about $80 per sf.

“This pair of buildings is situated for high-tech/telecom users because of their direct access to the fiber optic trunk underneath Centennial Ave.,” Anton says. And there’s upside potential: “The property also contains a recently vacated 46,469-sf unit with a backup power generator and large computer installation, which was completed in 1996 at a cost of $2 million,” he says.

That vacant unit is located at 200 Centennial Ave., a two-story, 68,156-sf building constructed in 1983. Remaining tenants include Datanomics and a Stratis Business Center.

The building at 220 Centennial Ave., meanwhile, consists of 70,451 sf on one story. Built in 1960 and completely renovated in 1982, it has an atrium lobby with separate entranceways for tenants Rocheux International and Ford Motor Co. The building also has an on-site cafeteria.

Both buildings are located near I-287, and corporate neighbors include AT&T, MCI and Cablevision. Andalex acquired the property approximately three years ago from a local private investor for an undisclosed price.

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