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C&W Brings Buyer, Seller to 175,000-SF R&D Campus

SOMERSET, NJ-‘This value-add asset sits within the Princeton and Rutgers Research Corridor--one of the most concentrated life sciences research and development markets in the US,’ says Cushman & Wakefield’s David Bernhaut.

By Alyson Grala | Updated on January 12, 2011

SOMERSET, NJ-An entrepreneurial investment group has purchased 101 Mettlers Rd., a four-building research and development campus here. Cushman & Wakefield’s Metropolitan Area Capital Markets Group, based in East Rutherford, NJ, brokered the transaction, representing seller Prudential and procuring the buyer.

Originally developed by Exxon Biomedical, 101 Mettlers includes 174,892 square feet of currently unoccupied space on nearly 24 acres. The property’s new owner specializes in adaptive reuse, focusing on biotech. “New Jersey is a hotbed for the pharmaceutical and biotech industries,” says Cushman & Wakefield’s David Bernhaut, who headed the assignment with Metropolitan Area Capital Markets Group members Gary Gabriel, Tom Walsh and Robert Donnelly Jr.

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