Gottesman Real Estate Partners of Livingston www.gottesmanrealestate.com has acquired a 20-acre property at 19 Roszel Road, just off Alexander Road, for an undisclosed price. The seller was Core Laboratories, an Amsterdam-based company
whose refining systems unit will continue to occupy a 10,000-square-foot industrial building on the site pending development of the property.
Core, a company specializing in oil well reservoir maximization, now has 15 people working from a small building at that address. This is just one of the 70 offices in 50 countries that Core maintains. Its U.S. headquarters is in Houston, Texas.
The site has approvals for up to 100,500 square feet of office space. Gottesman plans to develop two three-story buildings, one with 62,500 square feet of space and the other with 38,000 square feet of space. The real estate developer is
pointing to the buildings' relatively small size, as compared with nearby Carnegie Center buildings, as an advantage.
"This is a triple-A location in one of the state's most dynamic markets," Joel Brudner, executive vice president of Gottesman, said in a prepared statement. "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."
RMJM Hillier, the architecture firm with offices just down the road from the site, has been named to design the buildings.
Commercial real estate broker Colliers Houston & Co. has been named to market space in the buildings. The effort will be headed by Milton Charbonneau and Douglas Twyman, both of the firm's Somerset office.
Gottesman was formed in 2007 to acquire a variety of commercial assets. Core Labs was represented in this deal by Bob Sobol of R.P. Sobol & Co., which has its offices at 15 Roszel Road, and by Mike Townsend of Moody Rambin of Houston,