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Colliers closes Piscataway sale

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371 Hoes Lane, Piscataway.
371 Hoes Lane, Piscataway. - ()

Colliers International Group Inc. has arranged the sale of a 138,629-square-foot asset in Piscataway to private investor Brandon Rolnick.

The 27 percent-occupied multitenant office property on Hoes Lane sits on 8.9 acres.

The Parsippany-based Colliers New Jersey Investment Sales Team, led by Jacklene Chesler and including Patrick Norris, Matthew Brown and Angelo Vitale, represented the undisclosed seller and procured the buyer for the transaction. 

Collier’s marketed the property in conjunction with Ten-X, an online commercial real estate transaction platform, ultimately resulting in 10 qualified and active bidders.

Rolnick has recruited Marner Architecture and Haas Construction to renovate the building.

Colliers will maintain leasing under the purview of Richard Madison and Jack Callahan.

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Jessica Perry

Jessica Perry

Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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