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C&W Brokers $17M Sale of Revlon R&D Center in Edison

EDISON, NJ-Angelo, Gordon & Co.’s realty fund purchases a fully-leased facility. Revlon is committed through 2025.

By Antoinette Martin | Updated on March 05, 2012

EDISON, NJ-The $16.5 million sale of 2121 Route 27, a 99,000-square-foot R & D office building at Edison Towne Corporate Center, has been arranged by Cushman & Wakefield’s Metropolitan Area Capital Markets Group. The building is fully occupied by Revlon and serves as the consumer products giant’s primary R & D center.

Situated within the Princeton-area research district known as “Einstein’s alley,” the facility was purchased by Angelo, Gordon & Co. on behalf of the $560 million AG Net Lease Realty Fund II, one of several net-leased investment funds it manages.

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