August 29, 2025 – Michael Lombardi of Horvath & Tremblay has successfully completed the sale of Village Green Office Center in Andover, New Jersey. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $1,120,000.
Village Green Office center is located at 33-39 Kennedy Road in Andover, New Jersey. The Village Green Office Center was constructed in 1992 and has been meticulously maintained. The center contains two buildings and a total of 14,400 square feet of gross leasable area on a large 3.34-acre parcel. The Property has eighteen (18) suites, six storage units, and is 84.73% leased to a complimentary mix of local tenants that serve the needs of the area residents. The Village Green Office Center offers significant upside through the lease up of the vacant space. The highly visible Property is strategically located at the intersection of Maple Lane Road and Kennedy Road. The Property enjoys outstanding visibility and frontage with two points of access and is just 0.3-miles from Kennedy Road’s intersection with Decker Pond Road, the area’s two primary commuter corridors traversing Andover. The Property is 2.5-miles from Interstate 80 and enjoys convenient access to the larger commercial centers of Newton, Sparta, Hackettstown and Netcong, New Jersey. Andover is located only 40 miles northwest of New York City.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.