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Kwartler Associates Sell Oakland-McBride Center for $12M

BD Oakland Partners Purchases Oakland Flex
May 4, 2011
Kwartler Associates, Inc., the Wladwick-based asset management corporation, sold Oakland-McBride Center, a 121,000-square-foot flex building located at 11 Bauer Drive in Oakland, NJ to BD Oakland Partners, LP for about $12 million, or about $100 per square foot.

Oakland-McBride Center, constructed in 1972, is the headquarters of fiber optics provider Royle Systems Group, and US headquarters of optical device manufacturer Topcon Medical Systems, a subsidiary of Topcon Corporation.

Cushman and Wakefield’s Metropolitan Area Capital Markets Group team of Andrew Merin, David Bernhaut, Gary Gabriel and Jared Zimmel represented the seller and also procured the buyer in the transaction.

For more information please reference CoStar COMPS #2082343.

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