New Jersey Trucking Company Buys Former Casio America Headquarters in Dover

Z Transportation Inc., a privately owned trucking and logistics company, has purchased the former Casio America headquarters building in Dover as its corporate headquarters, according to Legacy Real Estate Developers, the former property owner.

Legacy, with Saddleback Real Estate Developers and Commerce Park investors, bought the property for cash last October, repositioned it, and sold it in less than a year after identifying a buyer who could maximize the building’s long-term potential, according to Legacy.

The 126,108-square-foot property at 570 Mount Pleasant Avenue sits on nearly 23 acres with direct access to Interstate 80. It includes about 70,000 square feet of warehouse space and about 60,000 square feet of office space.

Legacy, which is based in Fairfield, reported that the sale highlights continued demand for strategically located industrial and flex properties throughout northern New Jersey. Particularly attractive are properties capable of supporting headquarters, logistics, and transportation-related operations, according to Legacy.

This transaction demonstrates the partnership’s ability to identify underutilized assets, navigate complex approvals and create value through fast execution and strategic repositioning, Legacy President Peter Feldman said in a statement.

“Our ability to move quickly with certainty, navigate approvals, and structure solutions for the end user helped make this a win for everyone involved. The property checked every box for a corporate headquarters operation with excellent highway access and existing infrastructure already in place,” he said.

Legacy reported that the ownership team secured local planning approvals for the site, tied to Z Transportation’s operational requirements, including parking and circulation modifications.

“The approval process was an important part of making this deal successful,” Roy Pascal, principal at Commerce Park Investors, said in a statement. “Because we understand both the real estate and municipal side of these transactions, we were able to help guide the project efficiently through the process and create a solution that worked for the buyer and the community.”

Elli Klapper, CBRE executive vice president, represented the seller in the transaction, while Dan Whitehead of Resource Realty represented the purchaser. The ownership team was represented by attorney Jason Rubin of Schenck Price Smith & King LLP.

“In today’s market, certainty and execution matter as much as pricing,” Salvatore Frassetto, chairman of Saddleback Real Estate Developers, said in a statement about the investors’ role in the marketing of the property.