HomeReal Estate & DevelopmentOffice space expansion in Springfield brokered by Sheldon Gross Realty

Office space expansion in Springfield brokered by Sheldon Gross Realty

Sheldon Gross Realty Executive Vice Presidents Barbara Gross and Bob Nathin recently brokered the fourth and fifth transactions for Evergreen Theragnostics, a radiopharmaceutical company in Springfield.

Since its 2019 founding, Evergreen’s founder, James Cook, has facilitated the quickly growing company’s expansion into two additional Springfield buildings on Commerce Drive.

These properties are in close proximity to Evergreen’s headquarters, which Cook’s company has owned since Gross and Nathin negotiated the purchase of the property on which the headquarters and state-of-the-art manufacturing facility were built.

“Each time we’ve needed space, often on a tight deadline, Barbara and Bob were able to provide us with input on appropriate properties – including some that hadn’t been marketed publicly,” Cook explains. “They understand our requirements, and always have their finger on the pulse of the market.”

Prior to founding Evergreen Theragnostics, Cook was COO of a Europe-based radiopharmaceutical company – and Gross and Nathin managed his commercial real estate needs in New Jersey. They coordinated the purchase of a 15,000-square-foot building in Millburn that became the US headquarters and a manufacturing facility for Cook’s former employer. Then, just a few years later, Gross and Nathin negotiated the purchase of an adjacent office building to accommodate the rapid growth of that company, which has since been acquired by Novartis Pharmaceuticals.

“The pharmaceutical industry is a key economic driver throughout New Jersey, and radiopharmaceuticals are a quickly growing segment of the industry,” Gross said. “We’ve enjoyed our long relationship with James and are looking forward to this next chapter as he grows his company in this important pharma sector.”

Related Articles

JLL Capital secures $11.5M acquisition financing for retail center in Clifton

JLL Capital Markets announced it has arranged $11.5 million in acquisition financing for 1030 – 1050 Route 46, a 48,535-square-foot retail center in Clifton. JLL...

Newark Regional Business Partnership debuts real estate council bolstering industry collaboration

The Newark Regional Business Partnership announced the formation of its real estate council, an effort to bring together a diverse group of NRBP members...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

JLL secures $86.2M loan for 355K SF Bridge Point Bayonne

 JLL Capital Markets announced that it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and...

Marcus & Millichap announces sale of Hoboken mixed-use building for $3.47 million

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use...

Cushman & Wakefield arranges 2 leases for 180 Park Avenue in Florham Park

Cushman & Wakefield has arranged two leases on behalf of landlord Vision Properties at 180 Park Avenue in Florham Park. These transactions bring the...

Latest Articles

Two new commissioners join NJBPU board to expand focus on affordability and reliability

Emma Rebhorn and Joseph Coviello are the newest commissioners of the New Jersey Board of Public Utilities (NJBPU), filling two vacancies on the five-member...

New Jersey American Water launches 2026 AWCF Water and Environment Grant Program

New Jersey American Water is launching the 2026 American Water Charitable Foundation Water and Environment Grant Program.  The foundation invites community partners to apply for...

JCP&L announces customers had fewer outages as $95M reliability project continues

Jersey Central Power & Light (JCP&L) reports that thousands of customers experienced fewer power outages last year as the company reached the halfway point...

PJM board approves transmission improvements to reinforce grid reliability

The PJM Board of Managers on Feb. 12 approved multiple transmission projects to reinforce the reliability of the electric grid. The proposals are part of...

NJBPU certifies 2026 electricity auction; JCP&L customers to see 1.6% increase

The New Jersey Board of Public Utilities on Feb 12 certified the results of the state’s 25th annual electricity auction for Basic Generation Service...

JLL Capital secures $11.5M acquisition financing for retail center in Clifton

JLL Capital Markets announced it has arranged $11.5 million in acquisition financing for 1030 – 1050 Route 46, a 48,535-square-foot retail center in Clifton. JLL...

Latest Articles

Two new commissioners join NJBPU board to expand focus on affordability and reliability

Emma Rebhorn and Joseph Coviello are the newest commissioners of the New Jersey Board of Public Utilities (NJBPU), filling two vacancies on the five-member...

New Jersey American Water launches 2026 AWCF Water and Environment Grant Program

New Jersey American Water is launching the 2026 American Water Charitable Foundation Water and Environment Grant Program.  The foundation invites community partners to apply for...

JCP&L announces customers had fewer outages as $95M reliability project continues

Jersey Central Power & Light (JCP&L) reports that thousands of customers experienced fewer power outages last year as the company reached the halfway point...

PJM board approves transmission improvements to reinforce grid reliability

The PJM Board of Managers on Feb. 12 approved multiple transmission projects to reinforce the reliability of the electric grid. The proposals are part of...

NJBPU certifies 2026 electricity auction; JCP&L customers to see 1.6% increase

The New Jersey Board of Public Utilities on Feb 12 certified the results of the state’s 25th annual electricity auction for Basic Generation Service...