International pharmaceutical group expands footprint in Millburn, NJ
Sheldon Gross Realty brokers sale of 5,000-square-foot flex space
MILLBURN, NJ (May 25, 2021) – Advanced Accelerator Applications, a Novartis company, has expanded its footprint in Millburn, NJ by purchasing 45 East Willow Street, a 5,000-square-foot flex space adjacent to its U.S. headquarters facility at 57 East Willow. Barbara Gross and Bob Nathin, both Sheldon Gross Realty executive vice presidents, brokered the transaction.
Founded in 2002 and acquired by Novartis in 2018, Advanced Accelerator Applications is a radiologic and therapy company with 31 locations in 12 countries. The acquisition of this building supports an overall expansion of the company’s headquarters.
“We originally worked with AAA several years ago, in its acquisition of 57 East Willow, which the company completely overhauled,” Gross explains. “More recently, the company needed to expand, but 45 East Willow wasn’t on the market. We approached the owners and negotiated terms favorable to both parties. This, in turn, made it possible for AAA to keep its headquarters employees together at one location.”
Nathin adds: “AAA requires close access to highways and the airport. These two buildings are only a 10- mile drive to Newark Airport and within a half hour of every major roadway in the central part of the state.”
About Sheldon Gross Realty
Based in New Jersey and also licensed in New York State, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar, 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.
Additional information is available online, at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.
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