Former Casio Headquarters in Dover Sold to Logistics Firm for New Corporate Headquarters

DOVER — The former headquarters of Casio America has a new owner and a new future.

A partnership led by Legacy Real Estate Developers has sold the 126,108-square-foot industrial and office complex at 570 Mount Pleasant Avenue to Z Transportation Inc., a privately owned freight and logistics company that plans to establish its corporate headquarters at the site.

The sale marks the successful completion of a redevelopment strategy that transformed the property less than nine months after it was acquired. The purchase price was not disclosed.

Located on a 22.8-acre tract approximately one mile from Interstate 80, the property includes roughly 70,000 square feet of warehouse space and 60,000 square feet of office space. Casio America vacated the building last year after relocating its operations to new offices in Jersey City and Rockaway.

The ownership group, consisting of Legacy Real Estate Developers, Saddleback Real Estate Developers, and Commerce Park Investors, acquired the property in October 2025 through an all-cash transaction. Their strategy focused on repositioning the building and identifying a user capable of maximizing its long-term value.

As part of the process, the partnership secured local planning approvals to accommodate Z Transportation’s operational needs, including modifications to parking areas and site circulation.

“This was the perfect opportunity for our partnership,” said Peter Feldman, president of Legacy Real Estate Developers. “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.”

Salvatore Frassetto, chairman of Saddleback Real Estate Developers, said the transaction reflected the importance of experience and execution in today’s real estate market.

“Saddleback’s president, Terry Frassetto, and I have always agreed that in today’s market, certainty and execution matter as much as pricing,” Frassetto 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, especially in transactions that require speed, experience and problem-solving.”

The transaction was brokered by CBRE Executive Vice President Elli Klapper, who represented the sellers. Dan Whitehead of Resource Realty of Northern New Jersey represented the buyer. Legal counsel for the ownership team was provided by Jason Rubin of Schenck Price Smith & King LLP.

Roy Pascal, a principal at Commerce Park Investors, noted that the approval process played a key role in bringing the deal to completion.

“The approval process was an important part of making this deal successful,” Pascal said. “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.”

The sale underscores the continued strength of the industrial and flex-property market throughout northern New Jersey, where demand remains high for strategically located facilities that can support logistics, transportation, warehousing, and corporate headquarters operations.

With Z Transportation establishing its headquarters in Dover, the property begins a new chapter while bringing additional business activity and employment opportunities to the area.