X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

EDISON, NJ-Bentley Labs LLC has signed a long-term, build-to-suit lease for a total of 125,000 sf of mixed-use space at 111 Fieldcrest Ave. here. The site is located within Raritan Center.

Summit Associates, the locally based property owner and one of the landlords within multi-owner Raritan Center, is set to launch construction of the facility, which will rise on a five-acre site. Matthew Seltzer of Cushman & Wakefield of New Jersey Inc. arranged the deal on behalf of the cosmetic products formulator and manufacturer. Summit Associates was represented in-house. The terms of the signing and the price tag for the new facility were not disclosed.

For Bentley Labs, which makes a variety of skin care, hair care, fragrance and related liquid-fill products, as well as over-the-counter drug products, the move is an expansion. The company will move its headquarters to Raritan Center from its current location at 200 Corporate Dr. in Mahwah.

The new facility will encompass a combination of administrative offices for the company, as well as laboratories, production and warehouse space, according to Brian T. Fitzpatrick, Bentley Labs’ president and chief executive officer. “We plan to occupy the new space in the first quarter of 2006,” according to Fitzpatrick.

“The Middlesex County market offers great real estate fundamentals, including transportation infrastructure and labor pool,” Seltzer says. “These factors have contributed to a low 4.7% vacancy rate in the industrial market, as well as to extraordinary demand for space.”

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.