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NORTH BRUNSWICK, NJ-ABB has sold its 165,000-sf, five-building office/industrial complex on 22 acres here to Territorial Properties of Ewing Twp., NJ. ABB, the Swiss-based products and services provider for the utility industry, will continue to occupy a portion of the campus, which is located on US Route 1 in this Middlesex County community. The additional office and industrial space is being offered for lease.

Steve Tolcash, senior partner at Buschman Partners of Lawrenceville, NJ, arranged the transaction for the buyer. ABB was represented by a group of brokers from the East Brunswick, NJ office of CB Richard Ellis, including Robert Sager (now with the Trammell Crow Co.) and Lynn DeMarco. The sale price was not disclosed.

“The property consists of about 50% office space and 50% warehouse and industrial space,” says Tolcash. “There has already been strong activity relating to the available space.”

Territorial Properties, which has a portfolio of mixed-use, flex-type space, mostly in neighboring Mercer County, is planning a capital improvement program as part of its lease-up effort, according to Tolcash. The new owner also plans to rename the site as the Brunswick Business Campus.

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