30A — November 9 - 22, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
C entral N ew J ersey
RANBURY, NJ — Ma- trix Development Group announces it Zimmel of Zimmel Associates reps the buyer Matrix completes sale of 103,350 s/f distribution facility C
At Somerset Corporate Center I SJP Props. secures 20,576 s/f lease
has sold 102 Melrich Rd., a 103,350 s/f distribution facili- ty in Cranbury. In conjunction with the sale, Tris Pharma, a specialty pharmaceutical company, leased the property from the new owner. The single-story property is located on an eight-acre tract of land and is less than two miles from the Exit 8A in- terchange of the New Jersey Turnpike. David Zimmel of Zimmel Associates represented the buyer in the transaction. “Tris Pharma will now oc-
Somerset Corporate Center I, II, IV
BRIDGEWATER, NJ — SJP Properties announces that Ap- talis Pharma has expanded and extended its lease by 20,576 s/f at Somerset Corporate Center I in Bridgewater. The transaction marks the second expansion at Somerset
PERTH AMBOY, NJ — Marcus & Millichap Real Estate Investment Services has announced the sale of The Shoppes at Victory Village, a 32,349 s/f mixed-use property located in Perth Amboy, NJ ac- cording to Michael J. Fasano , vice president/regional manager of the firm’s New Jersey office. The asset commanded a sales price of $6,750,000. Ben Sgambati , vice presi- dent investments, together with Alan Cafiero , senior associate and David Cafiero , invest- ment specialist in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a regional developer. They also secured the buyer, a local partnership. The Shoppes at Victory Vil- lage is located at 553-559 Sayre Avenue, in the area with dense population and high traffic counts. n The Shoppes at Victory Village In addition toAptalis, Somerset Corporate Center boasts a tenant roster that includes Qualcomm, Allergan Pharmaceuticals, Cogni- zant Technologies, Merrill Lynch, and Aon Hewitt, the latter of which recently signed a 10-year renewal for 50,000 s/f at the campus. n Marcus &Millichap announce sale of Corporate Center for the privately held, global specialty pharma- ceutical company. The company, which now leases a total of 52,320 s/f at the property, had signed an expansion in the fall of 2011. SJP is now accommodating Aptalis with temporary space within the Somerset Corporate Center campus while its new expansion space is built out. Cushman & Wakefield associ- ate director Benjamin Brenner and executive vice president Cur- tis Foster representedAptalis in the transaction; while SJP was represented in house by senior vice president of leasing Peter Bronsnick .
102 Melrich Road
of acquisitions Gary Hans said. “For Matrix, this was a an excellent opportunity to capitalize on the strength of the desirable 8A market.” n
cupy an excellent warehouse facility in close proximity to its headquarters, R&D center and manufacturing building,” Matrix Development head
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