Mid Atlantic Real Estate Journal — New Jersey — April 12 - 25, 2013 — 11B
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DISoN, NJ — Bussel Realty Corp. (BRC) has represented the Relocates to one Saddle Road in Cedar Knolls Bussel brokers acquisition of Boy Scouts of America’s E
Boy Scouts of America (BSA) in the acquisition of One Sad- dle Road, Cedar Knolls, New Jersey, a 14,000 sf industrial flex building. The property will serve as BSA’s new corporate headquarters in New Jersey for its Patriots Path Council. The property was purchased for an undisclosed price from owner, Olof & Elaine Erik- son. Steven Bussel, SIOR, president of BRC, represented BSA, and Newmark Realty represented the seller. “The Boys Scouts required quality office space at a stra- tegic location with easy access for employees and visitors,” noted Bussel. “One Saddle Road met all of these require- ments and is near to Routes 287, 202 and 24 as well as downtown Morristown. The property will enable the Boy Scouts to grow and service their various boy scout troops under the Patriots Path Coun- cil.” One Saddle Road is a one- story industrial flex property totaling 14,000 sf, and will be completely renovated into BSA’s corporate headquarters. The property is surrounded by several prestigious corporate neighbors and is just minutes from major highways such as Route 287, 202, 10 and 24. n Colliers Int’l. arranges 13,000 s/f Cranbury sublease CRANBURY, NJ — Col- liers International has ar- ranged a 13,000 s/f transaction at 3000 Eastpark Boulevard, with Quantex Laboratories, subleasing a portion of Ligand Pharmaceuticals’ space in the building. “Quantex was in search of an existing laboratory space to ac- commodate its growth needs,” said Dick Hecker , a Manag- ing Director in the New Jersey office of Colliers International , who represented the subten- ant in the transaction. “The Ligand sublease opportunity features a specialized R&D infrastructure that creates great value and savings for life sciences companies.” John Cunningham , an executive managing director with Colliers International, represented the sublandlord, Ligand Pharmaceuticals, in the transaction. n
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One Saddle Road
Mid Atlantic R EAL E STATE J OURNAL ’ S A NNUAL S POTLIGHT Industrial & Distributions Centers
APPEARING MAY 24 - DEADLINE MAY 10, 2013 This issue will publish as a special pullout section... featuring: • A special LISTING of all the Industrial Space transactions Recorded in MAREJ throughout 2012-13 • Bi-lined Articles submitted by Expert industrial brokers • Industrial Market Reports compiled by major companies Commercial Brokerage Firms who are actively involved in marketing Industrial space in the Mid Atlantic area are welcome to participate. This exclusive Industrial Space Spotlight is an excellent way to Reach 25,000+ Commercial Real Estate Professionals, Including Owners Developers & Tenants.
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