FAIRFIELD, N.J., October 03, 2025 — Peter Feldman, president of Legacy Real Estate Developers announced that the firm has acquired the former Casio America, Inc. headquarters building in Dover, New Jersey. The 126,108-square-foot industrial and office property was purchased in a joint venture partnership with Saddleback Real Estate Developers and Commerce Park Investors.
The building was purchased all-cash.
Ellie Klapper, Executive Vice President of CBRE was the investment sales broker on the transaction.
Located on 22.8 acres at 570 Mount Pleasant Avenue, the building adds a premier, corporate-quality asset to Legacy’s rapidly expanding portfolio. It also marks a major milestone for both Legacy and Saddleback, and a symbolic continuation of the Frassetto family’s four-decade legacy of strategic, high-impact real estate investment.
“Casio was looking for a quick-close transaction with no red tape. Our ability to close fast is something that we can easily offer because of our long-term experience and resources,” said Peter Feldman, President of Legacy Real Estate Developers.
Boasting 26-foot warehouse ceilings, 8 dock doors, 2 drive-in doors, and approximately 275 parking spaces, the building includes approximately 60,000 square feet of office space and 70,000 square feet of warehouse. Its proximity to Interstate 80 provides optimal access for logistics, distribution, and advanced-manufacturing users.
“We look for properties that are functionally excellent but underappreciated,” Feldman explained. “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.”
Feldman, who has managed and financed more than $100 million in transactions across industrial, office, and mixed-use sectors, began his career under Salvatore Frassetto and previously held key roles with Tulfra Real Estate and Saddleback Real Estate Developers before founding Legacy. His leadership blends financial rigor with development insight, ensuring the Frassetto name remains synonymous with credibility and decisive performance.
“Peter has carried forward the same discipline, intuition, and integrity that have guided our business for more than forty years” adds Sal Frassetto. “With Legacy, he’s expanding that foundation — bringing new energy and vision to meet the demands of a new generation of investors and tenants.”
The Legacy team plans light renovations to the Dover facility, which will be marketed for lease or sale in early 2026. The building’s configuration and infrastructure make it ideal for single-user headquarters or multi-tenant industrial operations.
“Every Legacy acquisition is guided by the same principle — identify value, execute swiftly, and strengthen the communities we invest in,” Feldman added. “This property gives us the opportunity to do exactly that.”
For inquiries regarding 570 Mount Pleasant Avenue, contact Legacy Real Estate Developers at contact@TheLegacyRE.com.
About Legacy Real Estate Developers
Legacy Real Estate Developers is a Fairfield, New Jersey–based commercial real estate firm specializing in the acquisition, redevelopment, and management of high-potential properties across the region. Built on the Frassetto family’s foundation of trust and performance, Legacy merges deep market experience with modern strategy to deliver long-term value and community impact.