BASKING RIDGE—Lee & Associates has completed aextension and space expansion for the U.S. headquarters of Matheson Tri-Gas. The lease terms consist of an expansion of additional 10,000 sq. ft. to their current space and an 11-year extension for the entire space. Located at 150 Allen Road in Basking Ridge, the value of the transaction is undisclosed.
Brian Lynch, SIOR and Peter Rasmusson, CCIM of Lee & Associates’ New Jersey office represented Matheson Tri-Gas in the leasing of the neighboring 10,000-sq.-ft. office space, available due to a recent consolidation by Oracle Corporation. The specialty andgases producer needed to expand the corporate office due to recent acquisitions.
The building is owned by The Silverman Group. The in-house owner representative for the transaction was Toby Nelson and the exclusive agents for the owner were Bill Brown and Andy Parella from Cushman & Wakefield.