TA ASSOCIATES BUYS INDUSTRIAL BUILDING FROM CORNERSTONE FOR $10.7M

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SOMERSET, N.J. — TA Associates Realty has purchased a 159,000-square-foot industrial property in Somerset from Cornerstone Real Estate Advisors for $10.7 million. Built in 1998, the warehouse and flex building is fully leased to six tenants. The building is located at 65 Clyde Road and features 42-foot clear ceiling heights and 40-foot by 40-foot column spacing. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Frank Caccavo, Jason Goldman, Marc Petrella and Andrew Siemsen of Cushman & Wakefield marketed the property.

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