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eResearch Deal is Further Proof Quick Turnover of Spec Space is Solid Trend

BRIDGEWATER, NJ-The software development company is planning to take space in an 80,000-sf spec building recently completed by Advance Realty. Quick turnover of spec space has become common in this tight market.

By Eric Peterson | Updated on December 15, 2000

BRIDGEWATER, NJ-Lenders might still be leery of laying out the cash for spec space, but the trend is that whenever a decent-sized piece of spec space does hit the market, it usually doesn’t stay there for very long. As an example, Advance Realty Group, based in Bedminster, NJ, recently completed Advance at Bridgewater III, an 80,000-sf class A building, and eResearch Technology quickly snapped up almost 31,000 sf of that total. The software development company will use the facility as its regional headquarters.

Jim Postell and Dave Sherman of Insignia/ESG, Saddle Brook, represented the tenant. Frank Pratt, Advance’s vice president of marketing, was the in-house leasing rep for the owner.

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