Technology Centre of New Jersey

Available for Lease - View the Tech Centre Interactive Flash Brochure

Technology Centre Makes 86,000 Square Feet Available for Lease; Space is Suitable for Biotech, Pharma, Microelectronics Tenants

North Brunswick, N.J. (April 3, 2003) - The Technology Centre of New Jersey, a 50-acre complex that provides growing high-technology businesses with top-quality, customized laboratory, production and office space at competitive prices, has made 86,000 square feet of additional prime space available for immediate lease.
The space, which is particularly suitable for biotechnology, pharmaceutical and microelectronics companies, includes a new two-story, 60,000-square-foot core and shell facility that can be subdivided into 15,000-square-foot units and an existing single-story, 26,000-square-foot lab structure. An open house for real estate brokers to tour this latest development phase will be held Wednesday, April 9, from 4 to 6 p.m. For more information and to register for the open house, brokers may call (609) 292-4072.
"The Technology Centre is an excellent example of how the public and private sectors can work together to help New Jersey attract and retain high-tech businesses, and we expect this available space to be leased quickly," says Caren S. Franzini, executive director of the New Jersey Economic Development Authority (EDA), which began development of the former Johnson & Johnson site in 1995. "More than $100 million is being invested in facilities and improvements at the Tech Centre. This development has been spurred by funding from the Legislature and the
Commission on Science and Technology as well as substantial investments by the AFL-CIO Building Investment Trust and the tenant companies themselves."
Nearly 330,000 square feet of space has been completed at the Technology Centre and there is room to accommodate up to 500,000 square feet of development. Technology Centre tenants include: Cambrex, a life sciences company; Celgro, the agrochemical subsidiary of Celgene; Chubb Computer Services, a training and consulting business; Merial Limited, which produces animal pharmaceuticals and vaccines; and Rutgers University, which uses the facility for agricultural research.
Seven additional tenants, all life sciences companies, occupy space in the 20,000-square-foot Commercialization Center for Innovative Technologies, which opened last year to serve small high-tech firms and incubator facility graduates and is now more than 90-percent leased. The Commercialization Center is an important component of Gov. James E. McGreevey's strategy to support and promote scientific discovery and the growth of technology-related jobs in New Jersey. It is designed to keep New Jersey at the forefront of scientific knowledge while meeting the needs of emerging research and development companies for affordable lab, production and office space to advance their technologies.
The EDA offers special financial benefits to tenants, including construction improvement allowances, which fund enhancements up to $100 per square foot to make Technology Centre space more customized and affordable. Tenants can also obtain capital to grow through several EDA financing programs designed specifically for high-tech companies, as well as other EDA bond financing, loan, guarantee and incentive programs.
Tenants have access to lab and sanitary sewer facilities, domestic water, 4,000 amp electric service, natural gas utilities, fiber optic and acid neutralizer systems and a passenger/freight elevator. They also have the capability of accessing Rutgers University facilities and equipment on a fee-for-use basis.
CUH2A of Princeton is responsible for master planning the site and designing the various tech buildings. Torcon of Westfield serves as general contractor.