305 College Road East in Plainsboro — Courtesy: National Business Parks
By Joshua Burd
A medical device maker has leased some 48,000 square feet in Plainsboro, with plans to use the space for research and development, product assembly and its administrative offices.
The publicly traded company, CytoSorbents Corp., is set to move in June to its new location at 305 College Road East, where it is backfilling space that previously housed a biotechnology firm. It will occupy nearly the entire building, which is owned by National Business Parks, within the College Park at Princeton Forrestal Center development off Route 1.
Avison Young represented the tenant.
“We are incredibly pleased to work with National Business Parks to lease the facility at 305 College Road East, which has a solid existing infrastructure to meet our unique operational needs,” said Vincent Capponi, president and chief operating officer of CytoSorbents. “With other modifications that will be made to the space, we will be able to consolidate all of our operations in one building and allow the launch of new product lines. The changes we are planning will also allow us to increase our CytoSorb production from our current $80 million annual capacity to approximately $300 to $400 million annually to support our future growth while allowing us to achieve further economies of scale.”
According to a news release, CytoSorbents uses its proprietary blood purification technology to treat life-threatening conditions in the intensive care unit or during high-risk surgery. Its flagship product, CytoSorb, is approved in the European Union and distributed in 67 countries around the world to treat deadly inflammation that can otherwise rapidly lead to organ failure and death, while the company recently secured Emergency Use Authorization the U.S. to treat COVID-19 patients in intensive care.
The device is also used to treat other conditions such as complications of cardiac surgery, trauma, and liver disease.
“We look forward to welcoming CytoSorbents to our 305 College Road East property early this summer,” said Vincent Marano, chief operating officer of National Business Parks. “We are excited to work closely with CytoSorbents to customize the space to be the perfect combination of laboratory, device assembly and administrative offices. We could not be more pleased that CytoSorbents has chosen our research and development community at College Park to fit its current needs, as well as provide for its future growth.”