Saadia Group has scooped up a four-building office campus in Piscataway, New Jersey, according to market data published this week. The deal covers roughly 694,000 square feet at 30 Knightsbridge Road and was reported at about $56.5 million.
According to Yardi Matrix data reported by Commercial Property Executive, Saadia Group paid $56.5 million, or roughly $81.4 per square foot, for the 694,327-square-foot campus, with Keystone Property Group listed as the seller after a 12-year hold.
Public deed records for the parcel show a deed recorded June 21, 2026 that lists a transfer amount of $31,078,002, according to Middlesex County property records. That recorded figure is lower than the market sale price reported by Yardi Matrix, a discrepancy that sometimes appears in complex, multi-parcel or affiliate transfers.
The campus, completed in the late 1970s, occupies about 45 acres and consists of four two and three story buildings with roughly 55,000 square foot floorplates and a 1,944 space grade level parking lot, data cited by Commercial Property Executive shows. The property sits near the interchange of Interstate 287 and New Jersey Route 18, providing direct highway access to the New York metro area.
Where the Sale Fits in the Market
Regional data suggests New Jersey's office market is slowly stabilizing: asking rents averaged $34.58 per square foot in April and vacancy dropped to about 16.1 percent, records summarized in NJBIZ show. Those figures, drawn from recent market reports, help explain why investors are circling large suburban campuses that can be repositioned for lab, data or other users.
Saadia's Local Footprint
Saadia Group is already a familiar player in the area; it previously purchased an industrial site in Piscataway and Plainfield in 2020, according to New Jersey Business Magazine. The company's mix of manufacturing, retail and real estate holdings suggests the buyer may be pursuing either long term ownership or conversion opportunities for the complex.
Ownership History
Keystone Property Group acquired the campus in 2014 from Veris Residential as part of a portfolio move, and that transaction was financed with a package that included debt from Cantor Commercial Real Estate and Wilmington Trust, according to a Keystone press release archived by PR Newswire. Under Keystone, portions of the complex were marketed and leased to mission critical and life science tenants in recent years.
What Comes Next
Keystone previously branded the campus as the Middlesex Science Center and had signed leases with life science and office tenants including Infinity BiologiX, LIXIL and Paychex, per a company release on Business Wire. Whether Saadia will continue to pursue life science, tech or other adaptive reuse strategies for the campus is not yet public, but the transaction adds a notable suburban campus to the local ownership map.
