O
n Nov. 5, 2025, Legacy Real Estate Developers closed an all‑cash purchase of the former Casio America, Inc. headquarters in Dover. The 126,108‑sq‑ft property, situated on 22.8 acres at 570 Mount Pleasant Ave, was acquired through a joint venture with Saddleback Real Estate Developers and Commerce Park Investors. CBRE’s Ellie Klapper brokered the deal.

    The complex offers 60,000 sq‑ft of office space and 70,000 sq‑ft of warehouse, featuring 26‑ft ceilings, eight dock doors, two drive‑in doors, and roughly 275 parking spots. Its location near I‑80 makes it attractive for logistics, distribution, and advanced‑manufacturing tenants.

    Legacy’s president, Peter Feldman, highlighted the company’s ability to close quickly, noting that Casio sought a fast, hassle‑free transaction. “We look for functionally excellent but underappreciated assets,” Feldman said. “This building’s pristine condition and prime spot let us add value immediately while preserving long‑term potential.”

    The opportunity emerged when CBRE’s marketing release reached Saddleback chairman Salvatore Frassetto, who shared it with Feldman. Legacy’s swift response aligned with Casio’s preference for a reliable buyer capable of meeting tight deadlines—criteria that have long defined both Legacy and Saddleback.

    Feldman, who has overseen more than $100 million in industrial, office, and mixed‑use deals, began his career under Frassetto and previously held key roles at Tulfra Real Estate and Saddleback before founding Legacy. Frassetto praised Feldman’s discipline, intuition, and integrity, adding that Legacy expands that legacy with fresh energy for new investors and tenants.

    The company plans modest renovations and will market the Dover site for lease or sale in early 2026. Its layout suits either a single‑user headquarters or a multi‑tenant industrial operation. “Every Legacy acquisition follows the same principle—identify value, execute swiftly, and strengthen the communities we serve,” Feldman concluded.