Medical Office Campuses Boost Tenant Roster

HILLSBOROUGH, NJ-Locally based Larken Associates has signed several new leases at Branchburg Commons and Montgomery Commons, two of its professional office and medical office complexes in Central New Jersey.

Dr. Margaret Andrin has signed a 10-year lease for a 4,708 square feet at Branchburg, the 15-building, 116,500-square-foot campus located directly on Route 22 in Somerset County’s Branchburg Township, according to Victor Kelly, a Raider Realty vice president, who handled the transaction. The submarket here currently has rental rates running in the $28 range, according to Cushman & Wakefield’s Q4 office report.

In addition, Princeton Center for Leadership Training, a non-profit organization that conducts education leadership programs, has reserved 2,841 square feet for a training center at Montgomery Commons, a nine-building, 59,319-square-foot medical and office complex in Mercer County’s Princeton Township. Robert Marek, another Raider Realty vice president, served as broker for the signing. Mercer County comes in with a higher rental rate than Somerset, at $34.16, according to C&W.