Deal done on library office space

Though no sale price was disclosed, this report about rare office deals in the New Jersey confirmed the sale of the office space above the library. Weichert Commercial, which handled the sale, has been “hired to find tenants, with a focus on professional office users.” A person familiar with the deal suggested the deal was somewhere between $3 million and $4 million.

The buyer was not identified in that report, but another report in October had indicated the buyer was Newark-based Fieldstone Development Group.

The Redevelopment Agency remains partners in the condominium association of the property as the sale only includes the top two floors, about 41,000 square feet of office space.