Legacy Real Estate Developers, in partnership with Saddleback Real Estate Developers and Commerce Park Investors, has finalized the sale of the former Casio America headquarters building located at 570 Mount Pleasant Ave. in Dover.
The 126,108-square-foot commercial asset was acquired by Z Transportation Inc., a privately owned freight and logistics carrier. The transportation company plans to transform the expansive corporate campus into its new national headquarters.
The transaction caps off a highly lucrative, short-term value-add investment strategy. The investment group purchased the vacant property through an all-cash deal in October 2025 and flipped it just months later after securing critical site-use approvals.
The former electronics headquarters spans 22.8 acres with direct access to Interstate 80, making it an ideal footprint for a major transportation and shipping hub. The facility features an almost even split of specialized commercial spaces:
- Industrial Warehouse Space: Approximately 70,000 square feet optimized for freight handlers and distribution teams.
- Corporate Office Space: Approximately 60,000 square feet to serve as Z Transportation’s administrative base.
Rather than waiting for a passive buyer, the ownership team actively worked with local municipal boards to ready the asset for a heavy-logistics end user. The partnership secured crucial local planning and zoning approvals tailored specifically to Z Transportation’s operational needs, including customized parking layout updates and truck circulation modifications.
“This was the perfect opportunity for our partnership,” Peter Feldman, president of Legacy Real Estate Developers said. “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 transaction highlights the relentless demand for strategically positioned industrial and flex spaces throughout Northern New Jersey, especially for properties offering immediate proximity to regional interstate networks.
“Saddleback’s president Terry Frassetto and I have always agreed that in today’s market, certainty and execution matter as much as pricing,” Frassetto, chairman of Saddleback Real Estate Developers said. “Our reputation has always been built on doing exactly what we say we’re going to do. That credibility continues to create opportunities for us.”
