|
|
|
COMMERCIAL REAL ESTATE NEWS
 According
to Costar, 6% of Somerset County’s industrial
space is vacant with an average time on market
of approximately 19 months. 17% of Somerset
County’s office space is vacant with an average
time on market of approximately 31 months. See
below for the full reports. |
 |
Office Market Data
Somerset County, NJ Office Forecast
Report. 4/1/08 |
|
|
Industrial Market
Data
Industrial/Flex Forecast Report for
Somerset County, NJ. 4/1/08 |
 |
There was 1 major real estate
transactions in Somerset County, NJ
during the month of December, 2007
representing a total of 51,006 square
feet of space.
- Hitachi Power Systems America,
Ltd.
Basking Ridge, NJ – 51,006 SF
|
|
|
 Law
Firm Renews, Expands in Mountain View
Corp. Center
Carroll, McNulty & Kull Increases
Occupancy to 38,200 SF
Law firm Carroll, McNulty & Kull has
signed a 38,200-square-foot expansion
and renewal at 120 Mountain View Blvd.
in Basking Ridge, NJ.
The four-story, 133,960-square-foot
office building was constructed in 2001
in the six-building Mountain View
Corporate Center, in the Route 78 East
submarket. The park totals more than
800,000 square feet.
Doug Gaffney of The Schultz Organization
represented the tenant and the landlord,
SJP Properties.
Oct 31, 2007 by
Justin Moultrie
|
|
|
Marketing Firm
Moves HQ to Atrium Corp. Park
National Marketing Services Leases
15,600 SF from LaSalle Investment
Management
National Marketing Services (NMS) has
inked a three-year lease to move its
corporate headquarters from Edison, NJ,
to the Atrium Corporate Park in
Somerset, NJ.
NMS will occupy 15,589 square feet at
300 Atrium Drive, a four-story office
building totaling 152,200 square feet.
The property was constructed in 1985 and
features a conferencing facility and
fitness center.
LaSalle Investment Management purchased
the four-building, 900,000-square-foot
Atrium Corporate Park in December 2005
for more than $100 million.
James Postell of Cushman & Wakefield
represented NMS in the lease, while
Susan Mason, Thomas Reilly and Brian
Cass of Jones Lang LaSalle represented
LaSalle Investment Management. Jones
Lang LaSalle handles leasing and
management of the park.
Oct 10, 2007
by Michael Poole
|
older news
located in our news archive |
|
|
