INLAND PAYS $17.6M FOR NEW JERSEY OFFICE, LAB BUILDING

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EAST WINDSOR, N.J. — Inland Real Estate Acquisitions has acquired 100 SciPark, a 65,552-square-foot office and laboratory building in East Windsor, for $17.6 million. Built in 2010, the property is fully occupied by the Elementis Worldwide subsidiary of Britain's Elementis PLC. The company, which will use the space for its world headquarters, converts organic chemicals and minerals into polymers for use in paints, cosmetics and other products. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Nick Karali of Cushman & Wakefield represented the seller, Woodmont Properties, in the transaction. They also secured the buyer.

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