Bracco was represented in both transactions by Robert Rudin and Sab Russo of CB Richard Ellis. Vincent Marano, COO of locally based National Business Parks, and NBP leasing executive Tom Stange represented the landlord, the New York City-based Lawrence Zirinsky Associates. NBP manages and leases College Park for Zirinsky. Terms of the transactions were not disclosed.
According to Marano, Bracco Research has renewed for 35,000 sf at 305 College Rd. East. The company, a developer of diagnostic imaging products with special expertise in products for magnetic resonance imaging, uses the site as one of its three international research centers. The others are in Milan and Geneva.
Bracco Diagnostics, meanwhile, has re-upped for 77,000 sf at 107 College Rd. East. The company offers contrast agents in the US market and is responsible for the promotion, development and sales of company products.
College Park currently consists of 11 buildings totaling more than 815,000 sf of office space, largely occupied by R&D and financial services organizations. Besides the two Bracco companies, its major tenants includes SES Americon, Panasonic, Bloomberg LP, and the law firms of Drinker Biddle & Reath and Smith Stratton Wise Heler & Brennan.
And College Park is about to get bigger. According to Marano, planning is under way for two new additions. "College Park 2 is to be a five-building office and research center with 345,000 sf. It is being developed on a 31-acre site adjacent to the existing College Park Campus."
And College Park 3 will be a four-building corporate office center on 47 acres similarly contiguous to the existing College Park, according to Marano. Both new complexes are being developed on a build-to-suit basis.
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