By Joshua Burd
A three-building, 231,000-square-foot office park in Warren is slated for a series of updates as part of a newly announced marketing plan by Newmark Knight Frank.
The real estate services firm on Monday said it was working on behalf of Ivy Realty as the exclusive leasing agent for the Warren Innovation Center campus at 30, 40 and 45 Technology Drive. A team of brokers will now work closely with the landlord to develop and implement a major capital improvement plan for the property, formerly known as Mount Bethel Corporate Center, to create a vibrant, modern work environment for current and future tenants.
The NKF team includes Executive Managing Director Jeff Schotz and associate directors Harrison Russell and Dan Reider.
“With strong ownership now in place, the Warren Innovation Center is well-positioned to retain and attract tenants looking for value-oriented space with key amenities located in the park,” Schotz said. “The buildings are suitable for both traditional office tenants and for companies looking to lease R&D, laboratory or light industrial space, so we’re confident the campus will attract a diverse range of quality tenants.
“As this submarket continues to grow as a hub for New Jersey’s robust biopharmaceuticals sector, we expect biotech and pharmaceutical companies alike will be particularly interested in this location.”
In a news release, NKF said the campus features an on-site health, racquetball and tennis club and a nature trail. Ownership is now developing plans to further update the campus, which will include renovations to the building facades, common areas and tenant amenities.
The leasing team touted the property’s location minutes from Interstate 78 and from the highway’s interchange with Interstate 287. The campus is also two miles from the dining and retail options of downtown Warren and has major corporate neighbors such as GlaxoSmithKline, Celgene, UBS and Dell-EMC.
While 45 Technology Drive is already fully leased, NKF is marketing space for lease at both 30 and 40 Technology Drive, the news release said. The team added that 40 Technology Drive is also available for purchase.
