[CPEO-BIF] Revlon site, Edison, New Jersey

[Lenny Siegel <lennysiegel@gmail.com>]

Revlon properties in transition in Edison

by Bob Makin
MyCentralJersey
March 5, 2012

EDISON - A little more than a week after obtaining Township Council  
approval to build a warehouse on the Revlon brownfield site at 55  
Talmadge Road, Rutherford-based Morris Companies sold one of three  
adjacent buildings for $16.5 million, the Cushman & Wakefield  
commercial real estate firm reported.

Morris sold the 99,000-square-foot Revlon Research & Development  
Center, 2121 Route 27, to Angelo, Gordon & Co. on behalf of the $560  
million AG Net Lease Realty Fund, said Evelyn Weiss Francisco,  
spokesman for the East Rutherford-based Cushman & Wakefield. Morris  
sold the building shortly after signing Revlon to a lease through  
2025, according to Cushman & Wakefield.

Morris also owns a 248,000-square-foot multitenant office building at  
2147 Route 27, connected to the Revlon R&D facility by a common  
lobby, plus a 140,000-square-foot warehouse on the brownfield site.  
Several buyers are interested in the recently renovated office  
building, Francisco said.

 ...


For the entire article, see
http://www.mycentraljersey.com/article/20120305/NJNEWS/303050034/ 
Revlon-properties-in-transition-in-Edison

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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