FAIRFIELD, N.J., June 09, 2026 — Legacy Real Estate Developers has completed the successful sale of the former Casio America headquarters building at 570 Mount Pleasant Avenue in Dover, New Jersey, marking a major milestone for the rapidly growing commercial real estate firm and another high-profile transaction for the Frassetto family’s expanding real estate platform.
The 126,108-square-foot industrial and office property was sold to Z Transportation Inc., a privately owned freight and logistics company, which plans to utilize the property as its corporate headquarters.
The transaction caps off a strategic value-add investment executed by Legacy Real Estate Developers in partnership with Saddleback Real Estate Developers and Commerce Park Investors.
The property was purchased in October 2025 and sold just months later—making it a very successful transaction for the partnership.
Originally acquired by the partnership through an all-cash transaction, the property was repositioned and sold in less than a year following a targeted strategy focused on speed, certainty of execution, and identifying a user capable of maximizing the building’s long-term potential.
Elli Klapper, Executive Vice President of CBRE, 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.
Located on 22.8 acres with direct access to Interstate 80, the property features approximately 70,000 square feet of warehouse space and 60,000 square feet of office space.
According to Peter Feldman, President of Legacy Real Estate Developers, the transaction demonstrates the partnership’s ability to identify underutilized assets, navigate complex approvals, and create value through fast execution and strategic repositioning.
“This was the perfect opportunity for our partnership,” said Feldman. “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.”
As part of the transaction process, the ownership team secured local planning approvals tied to Z Transportation’s operational requirements for the site, including parking and circulation modifications designed to support the company’s long-term use of the property.
Salvatore Frassetto, Chairman of Saddleback Real Estate Developers, noted that the transaction also reflects decades of experience, reputation, and disciplined execution across multiple market cycles.
“Saddleback’s president Terry Frassetto and I have always agreed that in today’s market, certainty and execution matter as much as pricing,” said Frassetto. “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, especially in transactions that require speed, experience, and problem-solving.”
The deal also highlights continued demand for strategically located industrial and flex properties throughout Northern New Jersey, particularly assets capable of supporting headquarters, logistics, and transportation-related operations.
“The approval process was an important part of making this deal successful,” said Roy Pascal, Principal at Commerce Park Investors. “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.”
For inquiries regarding other properties, 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.