Somerset Therapeutics Acquires Industrial Property In Franklin Square Drive Deal

Located in Somerset, N.J., the industrial property at 300 Franklin Square Drive recently changed hands in a sale transaction. This facility spans 67,000 square feet and was acquired by Somerset Therapeutics. The seller in this deal was Candela Properties, with the transaction facilitated by buyer's representative Shawn Straka from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Asset Type: Industrial
• Market: Red Lion
• Buyer's Rep: Shawn Straka (Cushman & Wakefield)
• Seller: Candela Properties
• SF: 67,000

Shawn Straka, a Managing Director at Cushman & Wakefield, represented Somerset Therapeutics in the acquisition of the property at 300 Franklin Square Drive. The facility is set to serve as a location for the sterile pharmaceutical company's manufacturing and marketing operations for injectable and ophthalmic drugs in the U.S. market.