Brian Hines, principal, Michael Dalton, senior vice presidentand Sean Teague, principal of Trammell Crow Co. represented OptaFoods and procured the buyer. "This was a win-win situation forboth parties," says Dalton who points out that Toxikon neededexpansion space to accommodate its growth.
The single-story office and laboratory facility, which was builtin 1978 and renovated in 1996, is situated on eight acres at theRoute 495/Route 2 interchange. According to Grubb & Ellis'smost recent statistics, the average asking rent for industrialspace in the area--which includes flex space--is approximately $8per sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
