SOMERSET, NJ–NAI DiLeo-Bram &Co. has negotiated the acquisition of 150 PierceStreet, Somerset, NJ, on behalf of TLManagement.
“This deal happened very quickly because our client was preparedto act.” says Eric Johnston, NAIDB principal. “Itwas 75 days from the day we listed the property to the day weclosed.” Johnson continued. Two of NAIDB'ssenior industrial brokers, Chris Galiano andRich Galuppo also worked on the transaction onbehalf of the buyer and the seller, C-III RealtyServices. The buyer plans to occupy approximately 50,000square feet and has retained NAIDB as exclusivelisting agent to lease the remaining 80,000 square feet in thebuilding.
150 Pierce Street is in the heart of Somersetand contains office, lab, warehouse and manufacturing space, makingit appealing to a wide range of tenants. The buildingoccupies more than 17 acres and is in walking distance ofrestaurants, banking and hotels.
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