Legacy Real Estate Developers successfully acquired the former Casio America, Inc. headquarters building in Dover, in a swift, all-cash transaction. The purchase, announced on Oct. 4, was completed in a joint venture partnership with Saddleback Real Estate Developers and Commerce Park Investors.
Located at 570 Mount Pleasant Avenue, the property spans 126,108 square feet on 22.8 acres. The deal adds a key corporate-quality asset to Legacy’s rapidly expanding portfolio.
According to Legacy Real Estate Developers President Peter Feldman, the ability to execute quickly was crucial to the acquisition.
“Casio was looking for a quick-close transaction with no red tape,” Feldman said. “Our ability to close fast is something that we can easily offer because of our long-term experience and resources.”
The transaction was brokered by Ellie Klapper, executive vice president of CBRE. The opportunity was initially identified by Salvatore Frassetto, chairman of Saddleback Real Estate, who shared the marketing release with Feldman, leading to a decisive move by the partnership.
The property’s specifications make it highly appealing for a range of users. It features approximately 60,000 square feet of office space and 70,000 square feet of warehouse space, with 26-foot warehouse ceilings, 8 dock doors, and 2 drive-in doors. Its strategic location near Interstate 80 offers optimal access for logistics, distribution, and advanced manufacturing operations.
Feldman emphasized the firm’s acquisition strategy: “We look for properties that are functionally excellent but underappreciated… The Casio building is immaculate with an unbeatable location. It’s the type of acquisition that lets us create value immediately while preserving the site’s long-term potential.”
The deal also marks a symbolic continuation of the Frassetto family’s four-decade legacy in strategic real estate investment. Feldman, who began his career under Salvatore Frassetto and previously held key roles at Saddleback Real Estate Developers, has carried forward the family’s foundational principles.
“Peter has carried forward the same discipline, intuition, and integrity that have guided our business for more than forty years,” Frassetto said.
The Legacy team plans light renovations to the facility. The building will be marketed for lease or sale in early 2026, positioning it as an ideal location for a single-user headquarters or multi-tenant industrial operations.
