100 Franklin Square in Somerset — Courtesy: Vantage Commercial
By Joshua Burd
A health care user has acquired a nearly 107,000-square-foot office building in the Somerset section of Franklin, in a newly announced deal by Vantage Commercial.
The brokerage team said the property, 100 Franklin Square, changed hands after being listed as a real estate owned asset. The private buyer will now use the four-story, 106,600-square-foot building to expand its footprint of surgery centers and enhance access to outpatient care in the region.
Vantage Commercial’s Ken Richardson represented the seller, closing the deal in 88 days after a competitive process drew multiple qualified offers from developers, investors and owner-users. Terms were not disclosed.
“This assignment demanded certainty of execution,” said Richardson, a vice president and partner with Cherry Hill-based Vantage Commercial. “Through disciplined underwriting, an organized data room and proactive buyer engagement, our team delivered a competitive environment and a clean path to close.”
