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C&W Inks Edison Towne Corporate Center Sale

EDISON, NJ-The Morris Cos. acquired the mixed-use asset from Starwood Heller for an unspecified amount.

By Alyson Grala | Updated on October 06, 2009

EDISON, NJ-Cushman & Wakefield Inc.’s Metropolitan Area Capital Markets group has orchestrated the sale of Edison Towne Corporate Centre, a three-building, mixed-use property located on Route 27 in Edison. The Morris Cos. purchased the asset from Starwood Heller, LLC; however, all of the parties involved declined to provide a sale price.

Located on 62 acres, Edison Towne Corporate Centre includes a 245,446-square-foot office building at 2147 Route 27; a 99,260-square-foot research and development building at 2121 Route 27; and a 140,000-square-foot warehouse building with additional, vacant land behind it at 55 Talmadge Rd. Plans are on tap for the Morris Cos. to redevelop the land parcel.

“This offering involved a unique combination of a mixed-use project with a value-added component and significant additional development potential,” says C&W’s Jose Cruz, who handled the assignment in conjunction with Capital Markets team members Andrew Merin, David Bernhaut and Gary Gabriel.

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