(To read more on the industrial market, click here.)

FRANKLIN TWP., NJ-Unilever has sold its 133,686-sf formerR&D center at 150 Pierce St. here to a local investment group.The new owner has simultaneously leased the entire facility to aspecialty pharmaceutical company.

The various parties involved in the transaction declined toidentify the new tenant pending a formal announcement of itsrelocation from another site in New Jersey. The price was also notdisclosed.

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