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Pharma Company Subleases Space to Telecom Company

BEDMINSTER, NJ-The transaction marks the second time in 18 months that Faro Pharmaceuticals has subleased space to Flarion, a Lucent offshoot.

By Eric Peterson | Updated on September 27, 2001

BEDMINSTER, NJ-Faro Pharmaceuticals has subleased 24,744 sf of office space at 135 Route 202/206 to Flarion Technologies. Samuel Buckley, Robert Rudin and Remy deVarenne of Insignia/ESG’s Saddle Brook, NJ office arranged the transaction for Faro.

The deal marks the second time in 18 months that Faro has turned over space to Flarion, with the two transactions totaling some 57,000 sf at the building, which is owned by Leggatt McCall Properties. Actually, the latest transaction is a sub-sublease, as Faro had leased the property from St. Paul Insurance several years ago.

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