Jamie Drummond, senior managing director with FSW--soon to beColliers International--represented the owner on all threetransactions, including Variable Annuity Life Insurance Co.'s6,302-square-foot lease. Jeremy Neuer of Cushman & Wakefieldrepresented the tenant. Nautilus Neurosciences, Inc. also signed a3,439-square-foot lease, with Chris Hovanec and Tadd Wisinski ofUGL Equis representing the tenant. And Trammell Crow Residentialpicked up 2,575 square feet. NIA Dileo Bram's Rob Dileo representedthe tenant. All three tenants will move into the building duringthe second quarter of 2010.

|

"The fact that the building is now 90% leased speaks foritself," Drummond tells GlobeSt.com. While he declined to disclosethe rental rates, Somerset County rental rates are running around$24.59, according to Cushman & Wakefield figures.

|

Located at 135 Routes 202/206, at the crossroads of Routes 78and 287, the building is in the final stages of a major capitalimprovement program, including renovations to all of the commonareas and bathrooms, the main lobby, the men's and women'slocker/shower facilities in the fitness center and an expanded caféand seating area.

|

The building also includes covered parking, on-site securityguard/desk at the main entrance and tenant storage space. Othertenants include Gain Capital, Beacon Health Care, AMCS, HCLAmerica, Symyx, Associated Life, Jamison Eaton & Wood, ING,SkyNet, ING and Somnus.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.