NAI DiLeo-Bram represents TL Management in acquisition of 175,000 s/f research center

March 1, 2016

SOMERSET, NJNAI DiLeo-Bram & Co. announced the sale of 101 Mettlers Rd., formerly known as the Somerset Research Center, to New York City based TL Management. The building is a 175,000 s/f institutional quality facility situated on a 23 acre parcel. It has been used historically by EXXON Aquatic Research Division; and more recently had been under lease to Huntingdon Life Sciences for their vivarium operations. The design of the building lends itself to a variety of tenant mixes; and as such, was an ideal fit for our investor Client. It features a mix of one and two story space easily divisible into multiple leasable units. TL Management has retained Eric Bram Johnston and Richard Galuppo of NAI DiLeo-Bram & Co. as listing agents to market the property. The building features include 15,000 s/f chemistry lab component, commercial kitchen and executive dining area; and a third floor executive conference center with separate kitchen and outside work/meet area overlooking Colonial Park. The combination of these features has attracted interest from the Life Science and Educational sector

 

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