In a deal represented by Jones Lang LaSalle, Pacific Controls Inc., one of the leading information and communication technology (ICT) enabled machine-to-machine (M2M) automation and control solutions providers globally, acquired 100 Franklin Square Drive in Somerset, NJ this month. The terms of the deal were not disclosed, but Pacific Controls has said that it will occupy the currently vacant space on the top two floors of the property. The company did not indicate whether it would also remain at its currently location at 230 Davidson Avenue.
100 Franklin Square Drive is close to many area amenities including shopping and restaurants, with access via Interstate 287 Exit 10 and close to Routes 22, 28, 202 and 206. The building was reportedly 33% leased at the time of sale. The building features a marble lobby, tenant controlled HVAC and food services on site.
For more news and information visit Blumberg Capital Partners.
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