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M id A tlantic Real Estate Journal — Central New Jersey — August 2023 — 3B
www.marej.com
Life Science demand sparks next phase of 7.1-acre mixed-use redevelopment JLL and Hx2 Development begin work on life sciences facility at Roebling Center in Trenton T
following a lease with market- ing consultancy, Taft Com- munications, Building 110. Taft signed a five-year lease to occupy a 4,794 s/f first floor suite, joining environmental engineering firm Princeton Hydro, which occupies the entire 9,041 s/f top floor. JLL, which serves as agent for the Roebling Center, is now mar- keting the remaining 10,000 s/fof available space in that building to creative tenants. Thomas Romano , the JLL managing director leading the marketing effort, said, “Taft is a perfect addition to this diverse, vibrant and growing community and we are thrilled to now be moving forward with the redevelopment of Building 114. It will offer tenants a cus- tom space within an evolving live, work, play community in a region populated by skilled workers and surrounded by unrivalled transportation op- tions that offer easy commut- ing options.” MAREJ ity to regional arteries such as Interstates 78 and 287 and local connectors like Rte.s 22 and 202. The property’s ample highway access paired with its location at the midpoint between New York City and Philadelphia will allow ten- ants to service both markets efficiently. Upon its completion, Flem- ington Junction Business Cen- ter will further bolster Larken Associates’ 887,404-square- foot portfolio of high-quality, in-demand flex industrial spaces across New Jersey and Pennsylvania. Headlining its flex industrial portfolio is Hill- sborough Business Center, a 600,000-square-foot, 27-build- ing industrial/flex complex in Hillsborough, N.J. that is home to dozens of tenants spanning the research and de- velopment, lab, warehousing, distribution, light manufactur- ing and product assembly as well as fitness, recreation and daycare industries. MAREJ
RENTON, NJ — Hx2 Development and JLL announced that work is underway on the next phase of the 7.1-acre mixed- use Roebling Center, a five- building community of offices, residential lofts and ameni- ties rising from the bones of the historic Roebling wire- works in the Chambersburg neighborhood of Trenton. Building 114 is a 100,000 s/f facility tailored towards the life sciences and pharma manufacturing sectors. Its core and shell can be delivered ready for tenant fit-out within six-months of lease signing to meet demand within the sector for well-located, high- quality space with access to the region’s top-ranked higher education institutions and skilled workforce. The facility will feature 100,000 s/f of space with abundant natural lighting and ventilation from expan- sive factory windows and sky- FLEMINGTON, NJ — Larken Associates , a re- gional leader in commercial and residential real estate building, development and management, announces that Flemington Junction Busi- ness Center, a four-building, 150,000 s/f flex industrial park located at 115 River Rd. in Flemington is 55% pre-leased. Highlighting the pre-leasing activity is a 32,500 s/f lease with Vision Wheel, one of the nation’s leading providers of custom wheels for cars and trucks and one of the first man- ufacturers of custom wheels and tires for ATVs, UTVs and golf carts; and a 30,000 s/f lease with Fjords USA, a leading Norwegian furniture manufacturer with more than 70 years of expertise. Adding to its growing tenant list, Larken Associates also signed new leases with WOW Entertain- ment for, 7,500 s/f, Interstate Batteries for 5,000 s/f, World Line Cargo for 2,500 s/f and
Roebling Center renderings panies continue to actively pursue class A R&D and lab spaces in one of the nation’s most competitive life sciences real estate markets.” JLL managing director Thomas Romano added, “As the development of new space remains burdened by high land costs and administra- tive hurdles, Roebling Center presents an ideal solution to forward-thinking life science companies seeking special- ized facilities in an urban
lights throughout the interior roof areas. Ceiling heights will range from 18-to-24 ft. with 75 ft. column spacing. The building roof is suitable for solar PV, with its shape able to provide increased pro- duction from reflected light. “The unique needs of the life science sector make Building 114 an ideal loca- tion,” said Henderson. “We will deliver the property ready for a custom buildout at a time when leading com-
We eagerly await our transi- tion into the new space as we strengthen our footprint within New Jersey.” The design of Flemington Junction Business Center’s four buildings reflects Larken Associates’ decades of exper- tise in the development and management of highly adapt- able flex/industrial properties across New Jersey. Located on a 29-acre site less than a mile from Rte. 31, the park will accommodate the space needs of virtually any tenant from 1,250 s/f up to 40,000 s/f. Each of the four buildings will fea- ture 32’ clear ceiling heights, dedicated tailboards and drive- ins, 50’ x 25’ column spacing, heavy power, LED warehouse lighting, and the convenience of separate utilities and en- trances for each tenant. Additionally, the site’s 270 parking spaces and 360-de- gree site circulation design ensure a streamlined traffic flow and enhanced accessibil- enclave with tremendous ac- cessibility and diverse neigh- borhood amenities.” According to JLL’s Q1 2023 New Jersey Life Sciences Insight, flight-to-quality has been a recurring theme of the industry, as established companies including AbbVie, Bristol Myers Squibb and Sanofi have relocated within the state into high-end spaces to accommodate new work- place strategies. The announcement comes
Larken Associates' Flemington Junction Business Center sees strong pre-leasing, including 32,500 s/f lease with Vision Wheel
115 River Rd. in Flemington
HSJJ, LLC, for 1,250 s/f of space at the industrial park. “Our leasing velocity at Flemington Junction Busi- ness Center speaks to Hunt- erdon County’s emergence as a highly sought-after residential destination as well as a grow- ing hub for the region’s busi- ness community,” said David Gardner, President and Chief Executive Officer of Larken Associates. “We’re thrilled to be welcoming such a diverse array of businesses to the park
and wish them the best of luck in their new space.” Rick Kress , director of lo- gistics for Vision Wheel, added, “As we continue to expand our presence within the United States, it’s crucial that we se- cure locations that put us in a position to achieve our growth goals. After visiting Fleming- ton Junction Business Center, it was clear that the location and specifications could serve our immediate needs and set us up for continued growth.
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