Akorn Inc. Leases 52,291 Square Feet At 275 Pierce Street in Somerset, New Jersey
EDISON, NEW JERSEY (January 12, 2015)- Bussel Realty Corp. (BRC), a leading corporate and industrial real estate services firm in New Jersey, today announced Akorn Inc. has leased 52,291 square feet at 275 Pierce Street in Somerset, New Jersey, a 102,994-square-foot industrial property. Executive Vice President Gregory Irving, SIOR, represented the landlord in the transaction. Newark Grubb Knight Frank represented the tenant.
“275 Pierce Street provides Akorn a great location to manufacture and distribute its specialty pharmaceutical products in the region and nationally,” noted Irving. “As the nation’s “medicine chest,” New Jersey offers Akorn a great labor pool, R&D climate, and transportation infrastructure for its business operations.”
Built in 1988, 275 Pierce Street is a 102,994-square-foot industrial property featuring 26’ clear ceiling heights, 43’ x 42’ column spacing, 10 exterior loading docks, 2 drive-ins, 800 amps electric power and 75 parking spaces. The property is just minutes from I-287 and the New Jersey Turnpike.
About Akorn Inc.
Akorn, Inc. is a niche pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals as well as animal and consumer health products. Akorn has Research and Development facilities in Vernon Hills, Illinois; Warminster, Pennsylvania; and Copiague, New York that provide a robust and continuous pipeline of new products. Akorn's manufacturing facilities are located in Decatur, Illinois; Somerset, New Jersey; Amityville, New York; and Paonta Sahib, India.
About Bussel Realty Corp.
With one of the largest dedicated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a leading industrial real estate services firm, located in Central New Jersey with individual memberships in the Society of Office & Industrial Realtors (SIOR). BRC provides leasing and sales brokerage services to users, corporate occupiers, landlords, owners and investors, representing millions of square feet of property and tenant client assignments annually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufacturing, distribution and services companies both nationally and locally. Currently, BRC is handling in excess of three million square feet of corporate and industrial real estate in New Jersey.
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