NAI Fennelly has announced the sale of a 27,863-square-foot life sciences building located at 22 Abeel Road in Monroe Township, Middlesex County, New Jersey. The property was sold to Aplomb Technologies for a price of $3,800,000. The transaction was facilitated by brokers Jerry Fennelly and Matt Fennelly from NAI Fennelly, who represented the seller, Shima Seiki.

Summary of transation details

• Property Type: Life Sciences
• Transaction Amount: $3,800,000
• Date: 02/01/2022
• Address: 22 Abeel Road, Monroe Township, Middlesex County, NJ
• Market: Middlesex County, Monroe, NJ

The two-story light industrial building at 22 Abeel Road features 19,512 square feet of office space and 8,351 square feet of warehouse space, including one tailgate and one drive-in. The property is part of Einstein's Alley, an economic development initiative in central New Jersey that focuses on promoting knowledge-based jobs and workforce development. With its 260 feet of frontage on the New Jersey Turnpike and easy access to Routes 33 and 130, the building offers excellent connectivity to the Philadelphia and New York City metropolitan areas.

Note from @NAIFennelly: NAI Fennelly's Jerry Fennelly, SIOR, and Matt Fennelly represented the seller, Shima Seiki, in the sale to Aplomb Technologies.