According to Peter Wisniewski, executive vice president andpartner, Coldwell Banker Commercial Feist & Feist Realty Corp.,who was the sole broker in the transaction, Peterson Industriessold the property for $2.7 million; the buyer is undisclosed.

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Last year, Wisniewski was involved in the sale of a100,000-square-foot industrial facility on 13 acres nearby thislocation and has since completed leases there for over 40,000square feet. In the first quarter of 2010, John Adams, president ofthe firm--and his associates--completed almost 150,000 square feetof industrial leases and renewals in Somerset County alone.

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"Our success in Somerset County serves to demonstrate that manybusinesses are relocating to, and flourishing in, the SomersetCounty area, which has much to offer in terms of growth anddiversity for the business community," Wisniewski tellsGlobeSt.com, adding that Somerset County is the locale for a largepercentage of the state's workforce.

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