Page 14 - RE-NJ

12 SUMMER 2025
THE
BRIEFING
that empower enterprises such as
Devco President
Nokia Bell Labs to remain at the
Chris Paladino
leading edge of innovation,” said
said. “By putting
Steven J. Pozycki, founder and CEO
brilliant people
of SJP Properties. “Creating, with our
together in one
SJP BREAKS GROUND ON NOKIA BELL
partners, commercial destinations
place, we will
of global signifi cance that bring
change lives with
LABS TOWER AT HELIX CAMPUS
thousands of professionals together
the work that will
in the most accessible and desirable
be done here.”
of municipalities enables local
SJP, whose equity partner in the
SJP Properties has started
SJP is building the project in tandem
economies to thrive and reinforces
project is Morgan Stanley, pointed
construction on the 10-story,
with New Brunswick Development
New Jersey’s worldwide reputation
to its long history of developing
370,000-square-foot research and
Corp., the master developer of the
for scientifi c discovery. We are
for blue-chip global corporations,
offi ce tower in downtown New
Health + Life Science Exchange or
confi dent with Nokia Bell Labs at its
where it’s often helping them move
Brunswick that will house Nokia
HELIX site, in a location directly
center, HELIX NJ will emerge as the
from sprawling suburban campuses
Bell Labs and mark the second phase
across from the New Brunswick
dominant East Coast research and
to high-end buildings in walkable,
of the master-planned Health + Life
train station. The fi rms noted that
development district.”
transit-oriented destinations. The
Science Exchange district.
the transit hub, which is served
The HELIX’s fi rst phase, which will
developer recently welcomed
by both NJ Transit and Amtrak,
Slated for completion in late 2027,
be completed by late 2025, will
Unilever to 111 River St. in Hoboken,
will be modernized and expanded
the facility known as H-2 will be the
house the Rutgers Robert Wood
where the consumer goods giant
starting later this year with the
new home for the iconic technology
Johnson Medical School, an incubator
occupies 111,000 square feet built out
help of $50 million from the state’s
company after more than 80 years
known as known as the New Jersey
by SJP Project Solutions.
Transportation Trust Fund.
in the Murray Hill section of Union
Innovation Hub and a facility for
In Morristown, SJP joined Sanofi in
County. Plans call for highly effi cient
“It is a duty as a real estate developer
elite researchers from Rutgers. The
May to mark the opening of a newly
fl oor plates with a side core design
to ensure that
574,000-square-foot building will kick
developed, 260,000-square-foot offi ce
and varying slab-to-slab heights
the communities
off the planned four-acre, 1.5 million-
at the developer’s M Station project.
on some fl oors to accommodate
where we build
square-foot campus at Albany and
The two-building complex is also
experimentation, the developer
not only stay
Spring streets, where plans also call
home to Deloitte LLP, which opened
said, providing a new launchpad
strong but have
for a third building with additional
its doors in summer 2022.
for innovation in next-generation
the opportunity
offi ce and research space and
networks, advanced artifi cial
to grow stronger
hundreds of apartments.
“The start of construction on the
intelligence and software systems,
by developing
new Nokia Bell Labs Headquarters at
Nokia Bell Labs, for its part, will
industrial automation and quantum
future-proof
HELIX NJ marks a defi ning moment
Steven J. Pozycki
occupy an adjacent building under a
and optical research.
workplaces
in New Brunswick’s ongoing evolution
long-term lease executed in 2023. The
as a premier hub for research,
project earlier this year secured a 10-
innovation and economic vitality,”
year, $103.9 million tax credit award
New Brunswick Mayor Jim Cahill said.
under the New Jersey Economic
“This development refl ects our city’s
Development Authority’s Aspire
strong partnerships with industry
Chris Paladino
program, allowing the highly touted
leaders like Nokia, SJP Properties
plan to move forward.
and Devco and underscores our
“The addition of Nokia Bell Labs to the
commitment to fostering opportunities
HELIX ecosystem is another step in
that create jobs, attract world-class
creating a place that will foster innova-
talent and enhance the quality of life
tion, discovery and commercialization,”
for all who live, work and study here.”
Plans for H-2, the second phase of the Health + Life Science Exchange in downtown
New Brunswick, will include 360,000 square feet of build-to-suit lab and offi ce space for
Nokia Bell Labs.
Rendering courtesy: SJP Properties