2B — June 8 - 21, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
Fairfield Corporate Park, Fairfield, New Jersey
N EW J ERSEY
CBRE represents tenant at Somerset Corporate Ctr. II SJP Properties signs 93,000 s/f lease with Allergan, Inc.
FOR LEASE 32,000 Square Foot Industrial Building
B
RIDGEWATER, NJ — SJP Properties has signed a 93,000 s/f
* Warehouse/Manufacturing * 6,000 Square Feet Office – Can be reduced * 20 Ft Ceiling Height / 4 Tailgate Doors / 60+ Car Parking * Attractive rental rates and terms available.
lease with global health care company Allergan, Inc. at Somerset Corporate Center II, the company’s class A of- fice building. The move will inject as much as $12 million of private investment into the state’s economy as well as cre- ate several hundred new jobs over the next few years. “Allergan’s decision to ex- pand its operations in New Jersey will create hundreds of high-quality jobs and is proof that the pro-business policies of this Administration are helping to attract and retain both large and small busi- nesses here in the state,” said Governor Chris Christie. SJP was represented in- house in the transaction; SCOTCH PLAINS, NJ — NAI James E. Hanson has completed the sale of a 4,800 s/f commercial building at 1765 East Second St. Serving as sales agent for the property, NAI Hanson sales as- sociate Russell Verducci repre- sented the owner, 1765 Realty,
SHELDON GROSS REALTY, INC. REALTORS Ɣ Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: sgross@sheldongrossrealty.com
Somerset Corporate Center II
Allergan was represented by CBRE senior vice presidents Kurt Burdack, Carolyn Sica and Chip Wright. Somerset Corporate Cen- ter II was awarded the U.S. Environmental Protection Agency’s prestigious Energy Star recognition, the national
symbol for superior energy efficiency and environmental protection, and is registered with Leadership in Energy and Environmental Design (LEED), which is the path to seeking LEED Existing Building – Operating &Main- tenance certification. ■ drawn to the location of the building, which offers ample parking and access to Route 22. Additionally, it can be modified with little necessary approvals. A fair amount of work is being completed to convert the site including the installation of an elevator.” ■
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NAI Hanson brokers sale of Scotch Plains commercial bldg. LLC, in the transaction. Judith Weiniger of Remax represented the buyer, Chin/Kang/Kang, which plans to use the site as a doctor’s office.
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“Medical is one of the few commercial real estate sectors that has remained steady,” Verducci said. “The buyer was
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