Additional lab space will be coming to the College Park R&D campus in Princeton, a major renovation, build-to-suit opportunity, has been announced after BioCentriq sealed a full-building lease, according to an announcement from JLL.
College Park R&D campus is a six-building, 358,000-square-foot life science hub situated along College Rd.
Ownership, a joint venture of National Business Parks and ABS Partners Real Estate, announced earlier this year that BioCentriq has leased the entire 56,845-square-foot, single-story lab in building 201 College Rd. East bringing the campus to 87% leased. With no remaining existing lab availability at the campus, ownership is now renovating 307 College Rd. East, a 57,184-square-foot property with 46,735 square feet of available space.
The comprehensive project includes a new roof, electrical and HVAC mechanicals to support R&D laboratory and specialized manufacturing uses, as well as new common areas.
Designed to be divisible for up to three tenants, the renovation offers companies the opportunity to have input into the design of the new lab spaces. The campus itself features an additional 31-acres of land available for build-to-suit opportunities of up to 350,000 square feet.
A JLL team led by Managing Directors Robert Ryan, John Buckley and Thomas Romano serves as exclusive leasing agent for the College Park R&D campus.
“As BioCentriq joins our best-in-class roster of tenants, we are excited to also bring 307 College Rd. East and build-to-suit opportunities to the market. These options offer space tailored to the specific requirements of leading pharmaceutical and biomanufacturing firms, providing a rare opportunity to join a dynamic campus of industry-aligned peers in an innovative environment,” Ryan said.
The campus is located within the 2,200-acre Princeton Forrestal Center, where notable tenants include Novo Nordisk, Inc., Princeton University, Siemens Corp., GenMab and Abbott Labs. The region has the highest concentration of biochemists and biophysicists in the world and a central location that allows companies to draw skilled employees not only from New Jersey, but also New York and Pennsylvania.
The six-building College Road R&D Campus is part of the broader 1,700-acre College Park at Princeton which features landscaped grounds and a bucolic setting that is easily accessible to Manhattan, Philadelphia and Washington D.C. New Jersey Transit’s Princeton Junction train station is minutes away, providing both NJ Transit service and Amtrak service on the Northeast corridor line, and both Newark Liberty International and Philadelphia International airports are within a one-hour drive. Nearby Trenton-Mercer Airport offers direct flights to several locations and can accommodate corporate jet travel.
