E.V.P. Peter Wisniewski Arranges Sale of 52,000 S.F. on 8.4 Acres in Somerset County
Woodbridge, N.J., June 14, 2022 – Kislak Commercial Real Estate Services, Inc. announced the recent sale of a corporate office complex at 170 Mt. Airy Road in Basking Ridge, Somerset County, New Jersey for $4,600,000.
Executive vice president Peter Wisniewski represented the purchaser, Aucta Pharmaceuticals, Inc, a technology-based company focusing on the development and commercialization of Branded Specialty Products. This is the second transaction Wisniewski completed with Aucta in the last two years. The Garibaldi Group represented the sellers.
“Aucta is an innovative, growing pharmaceutical company in New Jersey that understands the demand for better quality and research to deliver the best products available to those that need them,” said Mr. Wisniewski.
The property consists of five interconnected one- and two-story brick buildings totaling 52,068 square feet, which were built in 1970. The buildings sit on 8.39 acres with parking for 190 cars and the property is beautifully landscaped with walking trails and gardens. At the time of closing, the complex was vacant. Once Aucta establishes their facilities, they may offer available space to other lab and office companies looking to expand in the market.
Conveniently located along the commercial corridor of Mt. Airy Road among several other office complexes and around the corner from access to Interstate 287, the property is two miles from downtown Bernardsville and New Jersey Transit service to New York City.
Basking Ridge is an unincorporated community located within Bernards Township in the Somerset Hills region of Somerset County. It is the headquarters of Verizon Wireless, Fedway, Collabera, Vencore Labs, Lawyer.com, and Barnes & Noble College Booksellers, among other large area employers. Somerset County consistently ranks among the wealthiest counties in the United States based on household income.
Peter Wisniewski joined Kislak in 2015 and leads the firm’s commercial sales and leasing division. Throughout his career, Wisniewski has leased or sold more than eight million square feet of commercial space and well over 1,500 acres of land and is actively growing Kislak’s presence in the New Jersey commercial real estate market. He has received the Kislak Transactions award for closing the highest number of transactions in a single year for the last five consecutive years.
Kislak Commercial Real Estate Services, Inc. with offices in Basking Ridge, New Jersey is the commercial sales and leasing affiliate of The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, and is a leading commercial real estate brokerage consistently recognized for its investment sales success.
Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, and Delaware.
Now in its 116th year, Kislak was among a select group of firms recognized as a 2021 Power Broker by CoStar Group, Inc. and this was the firm’s 16th consecutive recognition.