Legacy Real Estate Developers acquires Casio HQ building in Dover, NJ
- MAREJ
- 4 hours ago
- 1 min read
DOVER, NJ — Peter Feldman, president of Legacy Real Estate Developers, announced that the firm has acquired the former Casio America, Inc. headquarters building in Dover. The 126,108 s/f industrial and office property was purchased in a joint venture partnership with Saddleback Real Estate Developers and Commerce Park Investors.
The building was purchased all-cash.
Ellie Klapper, executive VP of CBRE was the investment sales broker on the transaction.
The deal originated when a CBRE marketing release for the property reached Salvatore Frassetto, the chairman of Saddleback Real Estate and was shared with Feldman. Recognizing the site’s potential, Legacy moved decisively. Casio prioritized a buyer with a track record of reliability and an ability to meet aggressive timelines — criteria that have long defined both Legacy and Saddleback.
The Legacy team plans light renovations to the Dover facility. The building’s configuration and infrastructure make it ideal for single-user headquarters or multi-tenant industrial operations.