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The Stro Companies purchases 141,000 s/f office-data center in Florham Park, NJ


Florham Park, NJ — The Stro Companies (STRO) has closed on a 141,000 s/f, 14.4 acre, office-data center at 19 Vreeland Rd. in Florham Park. The Ridgewood-based firm acquired the property from Bank of New York Mellon (BNY) for an undisclosed amount.

The property is currently occupied by BNY, a global investment company, and is currently being used for their office and data center needs. The property is well located near Rtes. 24, 10, I-280 and I-287

“This is an exciting project, one that everyone at STRO is looking forward to working on post-closing.” said Jack Shulman, director of acquisitions & capital markets at STRO. “STRO is very focused on acquiring properties adjacent to its existing ones. With 19 Vreeland being across the street from our 4 Vreeland property, this was a natural purchase for us.”

The JLL Capital Markets team of Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O’Hearn, JB Bruno, Jordan Avanzato and Michael Kavanaugh represented the seller. The debt was financed by Prudential Bank, led by John Bailey. “It was a pleasure to work with the JLL team, they were professional and timely from the start. We are excited about the opportunity to do more work with them in the future.” Shulman added, “John Bailey, who we have a long-standing relationship, was incredible to work with as always and quick to execute.”

Shulman added, “we have capital on the sidelines and are looking to deploy in either core, value-add, or ground up last-mile industrial properties in Northern NJ. We have a great team at STRO that can execute quickly and provide immediate feedback when offered a deal.”


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