IIT Somerset Industrial Center acquired a two-story industrial building in Somerset, NJ from Franklin Cottontail LLC for $13.65 million, or about $75.92 per square foot. The property, located at 1600 Cottontail Lane, delivered in 1990. It totals 179,789 square feet and is located in the Somerset Inudstrial submarket. Michael Nachamkin of HFF represented the seller while the buyer did not use a broker. Please see CoStar COMPS #2535951 for more information on this transaction.