26 — August 2026 — Central New Jersey — M id A tlantic Real Estate Journal
www.marej.com
C entral N ew J ersey
66-Acre Somerset Lab Campus with Leaseback
66-Acre Somerset Lab Campus with Leaseback The Property At-A-Glance
Simon, Chiusolo & Gerace orchestrate transactions NAIDB completes industrial sale and lease in Central NJ
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of 1001 U.S. Route 202 (the “Property” or “Site”) , a ±66.08-acre site located in Raritan, Somerset County, New Jersey. The Site is currently improved with a ±596,183 SF operational life sciences/lab facility — comprising ±320,183 SF of lab/office space, ±186,000 SF of pharmaceutical manufacturing space, and ±63,000 SF of warehouse space — with the owner set to execute a short-term sale leaseback upon closing, providing immediate in-place cash flow. Its OM-3 (Limited Industrial District) zoning offers flexibility for repositioning or redevelopment across a range of permitted uses. Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of 1001 U.S. Route 202 (the “Property” or “Site”) , a ±66.08-acre site located in Raritan, Somerset County, New Jersey. The Site is currently improved with a ±596,183 SF operational life sciences/lab facility — comprising ±320,183 SF of lab/office space, ±186,000 SF of pharmaceutical manufacturing space, and ±63,000 SF of warehouse space — with the owner set to execute a short-term sale leaseback upon closing, providing immediate in-place cash flow. Its OM-3 (Limited Industrial District) zoning offers flexibility for repositioning or redevelopment across a range of permitted uses. The Property At-A-Glance Please Note: The seller is focused on closing the sale in 2026. Please evaluate accordingly. Please Note: The seller is focused on closing the sale in 2026. Please evaluate accordingly.
S
OUTH PLAINFIELD/ BRIDGEWATER, NJ — NAI DiLeo-Bram &
Co. (NAIDB) recently com - pleted two Central New Jersey indus - trial transac - tions, includ - ing the sale of a 2.2-acre industrial outside stor- age prop - erty in South Plainfield and a 16,800 s/f lease in Bridgewater. Vice presi - dents Chris- t o p h e r Chiusolo and Kyle Gerace ar- ranged the undisclosed- price sale of the IOS- dedicated parcel on
Strong Repositioning or Redevelopment Potential Strong Repositioning or Redevelopment Potential OM-3 (Limited Industrial District) zoning provides flexibility for a range of permitted uses, including lab/life science, GMP manufacturing, and warehousing OM-3 (Limited Industrial District) zoning provides flexibility for a range of permitted uses, including lab/life science, GMP manufacturing, and warehousing
Secure In-Place Cash Flow via Sale-Leaseback Secure In-Place Cash Flow via Sale-Leaseback The Seller will execute a sale leaseback upon closing, delivering immediate in-place income while providing an investor ample runway to pursue site plan approvals and entitlements. The Seller will execute a sale leaseback upon closing, delivering immediate in-place income while providing an investor ample runway to pursue site plan approvals and entitlements. Prime Infill Location with Affluent Demographics Prime Infill Location with Affluent Demographics Direct access to U.S. Route 202 with connections to I-287 (3.0 miles) and I-78 (6.0 miles), 5-mile area averaging $184,053 in household income with 63% holding a bachelor’s degree or higher. Direct access to U.S. Route 202 with connections to I-287 (3.0 miles) and I-78 (6.0 miles), 5-mile area averaging $184,053 in household income with 63% holding a bachelor’s degree or higher.
Christopher Chiusolo
66-Acre Somerset Lab Campus with Leaseback
2.2-acre IOS property on Harmich Rd. in South Plainfield
Fourteen Building ±596,183 SF Life Sciences Campus Fourteen Building ±596,183 SF Life Sciences Campus $9.4M of capital improvements since 2021, a 1.7 MW owned solar array, robust power infrastructure, and on-site amenities including a full-service cafeteria and fitness center. $9.4M of capital improvements since 2021, a 1.7 MW owned solar array, robust power infrastructure, and on-site amenities including a full-service cafeteria and fitness center. Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of 1001 U.S. Route 202 (the “Property” or “Site”) , a ±66.08-acre site located in Raritan, Somerset County, New Jersey. The Site is currently improved with a ±596,183 SF operational life sciences/lab facility — comprising ±320,183 SF of lab/office space, ±186,000 SF of pharmaceutical manufacturing space, and ±63,000 SF of warehouse space — with the owner set to execute a short-term sale leaseback upon closing, providing immediate in-place cash flow. Its OM-3 (Limited Industrial District) zoning offers flexibility for repositioning or redevelopment across a range of permitted uses. Property Details Property Address 1001 U.S. Route 202, Raritan, NJ 08869 Property Details The Property At-A-Glance
Kyle Gerace
81 Chimney Rock Rd. in Bridgewater
was creating a tailored transaction framework that directly honored our client’s unique, long-term financial objectives.” Located within Middlesex County, the property provides access to I-287, US Route 22, Route 1 and I-95, connecting industrial and logistics users to the New Jersey Turnpike, the Port of New York and New Jersey and the broader East Coast distribution corridor. “Completing a transaction of this complexity within a seven-week window requires total alignment and acceler - ated execution,” said Chi - usolo. “We also proactively navigated the tenant’s future renewal options to secure a streamlined, mutually benefi - cial outcome in an exception - ally tight market.” In Bridgewater, NAIDB com - pleted a 16,800 s/f industrial
lease at 81 Chimney Rock Rd., Building B, to Hard Chrome Solution, an indus - trial plating and mechanical services provider. NAIDB chief operating offi - cer David Simon and Gerace and Chiusolo represented the landlord. Cushman & Wake- field represented the tenant. “This transaction reflects continued demand for well-lo - cated industrial units in Som - erset County,” said Gerace. “We are pleased to have fa - cilitated a lease that met our client’s objectives.” Building B offers loading ca - pabilities and ceiling heights suited for mechanical and industrial operations. Lo - cated within an established industrial hub, the property provides access to I-287 and Route 22, along with proximity to a skilled labor force and sup - porting infrastructure. MAREJ
Property Address 1001 U.S. Route 202, Raritan, NJ 08869 Please Note: The seller is focused on closing the sale in 2026. Please evaluate accordingly.
Land Area ±66.08 Acres Land Area ±66.08 Acres Block/Lot 31/4 Block/Lot 31/4
Occupancy 100% (Sale Leaseback Expiring 12/31/2027) Occupancy 100% (Sale Leaseback Expiring 12/31/2027) Zoning OM-3 (Limited Industrial) Zoning OM-3 (Limited Industrial) Secure In-Place Cash Flow via Sale-Leaseback Year Built 1949 – 1970 Year Built 1949 – 1970 Buildings Fourteen (14) Main Buildings Buildings Fourteen (14) Main Buildings Parking 1,260 Spaces Parking 1,260 Spaces The Seller will execute a sale leaseback upon closing, delivering immediate in-place income while providing an investor ample runway to pursue site plan approvals and entitlements. Loading 11 Loading Docks Loading 11 Loading Docks Solar (Owned) 31.7 MW Solar Array Solar (Owned) 31.7 MW Solar Array Prime Infill Location with Affluent Demographics
David Simon
Total Net Rentable Area ±596,183 SF Total Net Rentable Area ±596,183 SF Strong Repositioning or Redevelopment Potential
Harmich Rd. in South Plain - field. NAIDB represented the unnamed private seller and secured the buyer, Genesis LLC, completing the transac - tion within seven weeks. Chiusolo and Gerace struc - tured a customized finan - cial arrangement designed to accommodate the seller’s financial requirements while allowing the buyer to integrate the property into its portfolio. “IOS space is at an abso - lute premium in the South Plainfield submarket right now,” said Gerace. “Be - cause land zoned for IOS is incredibly scarce, we rec - ognized the immense value of this parcel. Our priority
Lab/Office ±320,183 SF Lab/Office ±320,183 SF
Manufacturing ±186,000 SF Manufacturing ±186,000 SF OM-3 (Limited Industrial District) zoning provides flexibility for a range of permitted uses, including lab/life science, GMP manufacturing, and warehousing
Warehouse ±63,000 SF Warehouse ±63,000 SF
Fourteen Building ±596,183 SF Life Sciences Campus
Financing The Property will be offered free and clear of any mortgage financing. The JLL Debt Group has underwritten the opportunity and is available for consultation. Financing The Property will be offered free and clear of any mortgage financing. The JLL Debt Group has underwritten the opportunity and is available for consultation. $9.4M of capital improvements since 2021, a 1.7 MW owned solar array, robust power infrastructure, and on-site amenities including a full-service cafeteria and fitness center. Direct access to U.S. Route 202 with connections to I-287 (3.0 miles) and I-78 (6.0 miles), 5-mile area averaging $184,053 in household income with 63% holding a bachelor’s degree or higher.
Property Details
Property Address 1001 U.S. Route 202, Raritan, NJ 08869
Land Area ±66.08 Acres
Occupancy 100% (Sale Leaseback Expiring 12/31/2027)
Block/Lot 31/4
Year Built 1949 – 1970
Marketing Team
Jose Cruz Senior Managing Director T: 201-240-7546 j.cruz@jll.com Jose Cruz Senior Managing Director T: 201-240-7546 j.cruz@jll.com
Dan Loughlin Vice Chairman T: 201-259-0097 dan.loughlin@jll.com Dan Loughlin Vice Chairman T: 201-259-0097 dan.loughlin@jll.com
Jeremy Neuer Senior Managing Director T: 732-539-3047 jeremy.neuer@jll.com Jeremy Neuer Senior Managing Director T: 732-539-3047 jeremy.neuer@jll.com
Michael Kavaler Director T: 917-923-4242 michael.kavaler@jll.com Michael Kavaler Director T: 917-923-4242 michael.kavaler@jll.com
Marketing Team
Total Net Rentable Area ±596,183 SF
Jason Lundy Managing Director T: 732-850-5326 jason.lundy@jll.com Jason Lundy Managing Director T: 732-850-5326 jason.lundy@jll.com Buildings Fourteen (14) Main Buildings Zoning OM-3 (Limited Industrial)
Lab/Office ±320,183 SF
Nicholas Stefans Managing Director T: 908-202-3180 nicholas.stefans@jll.com Nicholas Stefans Managing Director T: 908-202-3180 nicholas.stefans@jll.com
Manufacturing ±186,000 SF
Analytics: Cody Johnson | Senior Analyst | T: 832-334-6107 | cody.johnson@jll.com Financing: Ryan Carroll | Director | T: 973-271-8185 | r.carroll@jll.com Leasing: Jason Benson | Senior Managing Director | T: 973-829-4669 | jason.benson@jll.com Analytics: Cody Johnson | Senior Analyst | T: 832-334-6107 | cody.johnson@jll.com Financing: Ryan Carroll | Director | T: 973-271-8185 | r.carroll@jll.com Leasing: Jason Benson | Senior Managing Director | T: 973-829-4669 | jason.benson@jll.com Warehouse ±63,000 SF Parking 1,260 Spaces Loading 11 Loading Docks
Solar (Owned) 31.7 MW Solar Array
1776 On The Green | 67 East Park Place, 4th Floor | Morristown, NJ 07960 | T: 973-549-2000 1 Station Place, Suite 103 | Stamford, CT 06902 | T: 203-705-2220
Financing
Made with FlippingBook. PDF to flipbook with ease