Gottesman Buys Route 1 Corridor Site

PRINCETON, NJ-Gottesman Real Estate Partners has acquired the 20-acre property at 19 Roszel Rd. in the Route 1 corridor here for an undisclosed price. The seller was Core Laboratories, an Amsterdam-based company whose refining systems unit will continue to occupy a 10,000-sf industrial building on the site pending development of the property.

And Gottesman has picked up a site that’s already cleared for development of up to 100,500 sf of office. Plans call for two three-story buildings of 62,500 sf and 38,000 sf with full-floor opportunities of as small as 13,000 sf. Designed by locally based RMJM Hillier, the buildings would rise immediately adjacent to the existing Carnegie Center office park.

“This is a triple-A location in one of the state’s most dynamic markets,” says Joel Brudner, EVP of the Livingston-based Gottesman Real Estate. “The buildings we intend to develop provide the opportunity for small and mid-size tenants to be treated like big fish in a little pond.”

And to find those tenants, Gottesman Real Estate has hired Colliers Houston & Co. Specifically, VP Milton Charbonneau and SVP Douglas Twyman in the firm’s Somerset office are handling the assignment.

Headed by Andy Gottesman of the well-known New Jersey real estate family, Gottesman Real Estate Partners was formed in 2007 to acquire a variety of commercial assets. In the sale of the 19 Roszel Rd. property, Core Labs was represented by Bob Sobol of locally based R.P. Sobol & Co. and Mike Townsend of Moody Rambin of Houston, where Core has its US headquarters.