(Read more on the industrial market.)
SHREWSBURY, NJ-Osteotech Inc. has been a major tenant at thethree-building 78,000-sf Shrewsbury Business Center for the past 21years, and the biotech company will be there for at least the nextfive years after renewing its 43,750-sf occupancy for that period.Further terms of the lease renewal were not disclosed. The propertyis owned by the Purchase, NY-based National Realty &Development Corp.
"We're pleased to continue our relationship with Osteotech,"says Brian Sekel, managing director of office and industrialproperties, who teamed with Richard Kaufman, NRDC's generalcounsel, to complete the deal. "Their tenancy, I think, is atestament to the ongoing appeal of the property."
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.
