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Research Campus Gets First Tenant

MORRIS COUNTY, NJ-Alliant Techsystems is the first to sign with Advance Realty in what will be a 1.1-million-sf development.

By Eric Peterson | Updated on April 16, 2008

MORRIS COUNTY, NJ-Advance Realty started construction at the beginning of this year for the Picatinny Applied Research Campus, which will build out to 1.1 million sf within the US Army’s 6,500-acre Picatinny Arsenal . Now, the PARC development has signed its first tenant.

The space is relatively modest–Alliant Techsystems, an Edina, MN-based defense and aerospace contractor with operations in 21 states, has taken 2,850 sf in PARC’s initial single-story, 27,000-sf flex building. Officials of the Bedminster, NJ-based Advance Realty expect it to be just the first of many similar companies that will eventually call the spec development home.

“As a long-time contractor with the US Army and Picatinny Arsenal, ATK was seeking office space to expand some of its mission-related activities right on the arsenal,” says Brian Banaszynski, Advance’s VP of leasing. “Besides proximity, ATK was attracted by Picatinny’s many technology and intellectual assets. We expect to soon announce more leases from government contractors, as well as from communications, electronics, homeland security and emerging technology companies.”

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