Former United Water HQ in Harrington Park sold for nearly $7M

Utilities company Suez Water, formerly known as United Water, unloaded a 9.2-acre property in Harrington Park last week to Allegro Senior Living, according to NJBiz. Teterboro-based brokerage NAI Hanson arranged the $6.62 million deal for the 68,000-square-foot office building. Suez Water, recently in the news over an $811 million water deal in Central New Jersey, transferred its headquarters at 200 Old Hook Road to Allegro, which is owned by St. Louis-based developer the Love Companies. The former United Water headquarters was vacated in 2014 and sits in the middle of a 64-acre conservation tract in the Oradell Reservoir on the Hackensack River. Allegro said it and its joint venture partner United Way have received approvals to reposition the property into a senior living center that it expects to open for occupancy in fall 2020. Lancaster, Pennsylvania-based Wohlsen Construction has been selected by Allegro as general contractor for the site, which will include 92 assisted living units and 83 senior independent living apartments, as well as a penthouse pub, salon, spa and saltwater swimming pool, according to Senior Housing News. If fully developed, the senior community will be the first project in New Jersey for the Love Companies, which operates 21 facilities in Florida, Georgia, Missouri and Kentucky. [NJBiz]