M id A tlantic S hopping C enters N ew J ersey S potlight C entral HORIBA Instruments Incorporated buys AT&T facility NAI DiLeo-Bram & Co. inks $6.85 million sale of a 132,000 s/f building
Real Estate Journal — Central New Jersey — November 11 - 24, 2016 —7B
www.marejournal.com
ISCATAWAY, NJ — NAI DiLeo-Bram has successfully represent- ed another client in a build- ing acquisition. This time announcing the purchase of the 132,000 s/f office build- ing at 20 Knightsbridge Rd., Piscataway, for $6.85 million by HORIBA Instruments Incorporated. The seller was AT&T Corp. The sale of 20 Knights- bridge Rd. adds to the re- cently closed sales of two other buildings in Somerset and Cranford comprising 242,000 s/f with an aggregate combined price of over $14 million. The HORIBA trans- action was handled by NAI DiLeo-Bram brokers Robert Dinner and Christopher P
ing analysis. An on-site solar energy panel system services a major portion of the build- ing for significantly reduced energy costs. Headquartered in Kyoto, Japan, HORIBA manufac tures techni cal measuring and monitoring systems equipment for the automotive, environmental, medical diagnostics, semicon- ductor and scientific optical analyzers industries. “Many firms in need of space are purchasing buildings to take advantage of the current real estate market and financ- ing conditions for retrofit and long term occupancy to control occupancy costs and obtain fu- ture appreciation”, according to Robert Dinner, executive vice president. n
20 Knightsbridge Rd.
ed in Edison, NJ, will retrofit and occupy the building for the development and manu-
facturing of highly technical instruments which perform optical research and measur-
Galiano, SIOR . The HORIBA Scientific business unit currently locat-
SJP Properties renews 125,472 s/f at Somerset Corporate Center
Leo Esses of Bussel Realty brokers the $4.8m sale of 138,000 s/f industrial prop.
BRIDGEWATER, NJ — SJP Properties announced that Qualcomm Inc. has
renewed its l e a s e f o r 125,472 s/f at Somerset Co r p o r a t e Center V, a class A of- f i ce bui ld- ing situated within SJP’s
Steven Pozycki
master-planned Somerset Corporate Center business complex in Bridgewater. Qualcomm, which develops wireless technologies and mobile data solutions, first relocated to Somerset Cor- porate Center in 2007. The company represented itself in its recent lease renewal, while SJP Properties was represented in-house. The deal comes on the heels of SJP’s announcement ear- lier this month that data solutions firm iconectiv had signed a new lease for 115,000 s/f at Somerset Cor- porate Center I. “Qualcomm’s decision to recommit for the long-term at Somerset Corporate Cen- ter is further validation of
745 Joyce Kilmer Ave.
Somerset Corporate Center (Courtesy of SJP Properties)
Manhattan operations,” said Esses. “I was able to locate a property which perfectly suited their business and real estate needs and is in close proximity to New York City via highways and mass transportation.” 745 Joyce Kilmer Ave. is in close proximity to Rte. 1 and 130, and the New Jersey Turnpike as well as a NJ Transit train station with service to Manhattan. The property features 14’-20’ ceil- ing heights, eight tailboards and six drive-in doors for loading, 4,000 amps of electric power, and 200 surface park- ing spaces. n
NEWBRUNSWICK, NJ — Bussel Realty Corp. (BRC), an industrial real estate ser- vices firm in New Jersey, an- nounced its arranged the sale of 745 Joyce Kilmer Ave. in New Brunswick, a 138,000 s/f industrial property. Leo Esses , senior vice pres- ident of BRC, represented the buyer, Miss Sportswear, which purchased the prop- erty for $4.8 million and up- graded the property by an ad- ditional $800,000. The owner, KLCNY, LLCwas represented by CBRE. “Miss Sportswear wanted to open an operation in New Jersey to complement its
this property’s ability to meet the advanced infrastructure needs of leading technology companies,” said Steven Pozycki , founder and CEO of SJP Properties. “In fact, Qualcomm has been using Somerset Corporate Center to test its various cell phone technologies, underscoring the superior environment we have created here.” Located within one of the country’s strongest labor pools, Somerset Corporate Center comprises five exist- ing class A buildings total- ing 1.5 million s/f that are situated around a 15-acre landscaped central park. SJP
Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center. In addition to Qualcomm and iconectiv, a number of leading-edge global compa- nies call Somerset Corpo- rate Center home, including Linde Americas, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch. One of SJP’s signature de- velopments, Somerset Corpo- rate Center is in proximity to both Newark International Airport and NewYork City. n
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