6B — November 9 - 22, 2018— Central New Jersey — M id A tlantic

Real Estate Journal


C entral N ew J ersey

Experic leases 45,500 s/f of lab / R&D Space in Cranbury Elfand and Goldman of Cushman & Wakefield reps. growing clinical manufacturing organization C

NJ has improved dramatically over the last few years as va- cancy has declined from 21.1% at the close of 2016 to a mere 10.9% currently. As a result, asking rents over the last few years has climbed by 6.6% in that time and has risen each year since 2015. It has become more challenging to find large blocks of available, quality lab space. The lease at 2 Clarke Dr. not only met Experic’s current size needs, but offers enough room to accommodate the com- pany’s expansion.” The location at The Cedar Brook Corporate Center, an

office and life sciences cam- pus located just off Exit 8a of the NJ Tpke., offers high end lab/manufacturing space in a campus setting, loading capa- bilities, convenient access to top tier talent in and around the Princeton submarket, and close proximity to NewYork, PA and other key areas to attract as well as service the current and future client base. “It was a good fit, and the landlord, Cedar Brook, along with Experic prin- cipals Eric Bergmann and Jeff Shane, worked diligently with our team to get the deal done,” said Goldman. “Experic is at the forefront of its industry and will continue to thrive and expand.” Experic provides clinical trial materials solutions and special- ty commercial product services to the pharmaceutical industry, with a specialized focus on the needs of small, midsized and specialty drug developers.  Yes, Cybercriminals are targeting your company of new staff members as well as ongoing communication and testing of the entire team. Implementing an acceptable use policy (how employees are permitted to use company- owned PCs, devices, software, Internet access and e-mail) is also paramount in today’s en- vironment. Of course, no defense is iron- clad. To that end, having a business-class continuity plan is vital for protecting data. In the case of a ransomware at- tack (which Verizon identifies as the top variety of malicious software), you won’t have to pay a crook if duplicate files are available. Just remember: the worst time to test your con- tinuity is when you desperately need it to work. It requires special expertise to create, maintain and evolve a multi-prong approach to cybersecurity, which is why so many companies do not. Even if you have a trusted IT person or company who put your current network in place, it never hurts to get a third party to validate that nothing was overlooked. Nat ional Cybersecurity Awareness Month is the Per- fect Time to Shore Up your Defenses Michael Mullin is presi- dent of Integrated Business Systems (IBS) Totowa, NJ. continued from page 2B

RANFORD, NJ — Ex- peric, LLC has leased 45,500 s/f at 2 Clarke Dr. in Cranbury, a class A research and office facility, announced Cushman & Wakefield. The location meets the clinical and marketed product manufactur- ing, research and development, packaging and distribution needs of the swiftly growing contract pharmaceutical supply services organization. Cushman &Wakefield’s leas- ing specialists Todd Elfand and Jason Goldman , based in the commercial real estate services firm’s Iselin, N.J. office,

2 Clarke Dr.

represented Experic in negoti- ating the long-term lease. “The biotech and pharmaceutical industry is resurging in New Jersey, with contract manufac-

turing and packaging activities expanding as a result, and our client’s business is growing exponentially with it,” said El- fand. “The Lab/R&D market in


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