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LTS Buys 15 Henderson Drive

LTS Takes Over Neighborhood
By Karen Liu
January 16, 2003 | 8:07 P.M.

LTS Lohmann Therapy-Systems purchased 15 Henderson Drive in West Caldwell, NJ, from 3M Co. LTS, a pharmaceutical developer and contract manufacturer specializing in drug delivery systems, purchased the property to accommodate its expanding operations in the U.S. The firm already owned the industrial building located at 21 Henderson Drive, directly adjacent to the newly acquired facility. The property is a 156,000-square-foot industrial building on 20 acres of land, featuring 17 loading docks, 21' ceilings and heavy power capabilities. LTS plans to move into the new facility later this year. Jeffrey Rosenberg of CB Richard Ellis represented the buyer in the transaction. David Nenner of Jones Lang LaSalle represented the seller.

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