There has been more than 100,000 square feet of lease deals signed in the last 12 months at The Warren Innovation Center.
WARREN, NJ—The German high-tech communications firm Huber Suhner Astrolab has signed a long-term lease of 66,413 square feet at Ivy Realty's 40 Technology Drive building in The Warren Innovation Center here.
The lease, announced by brokerage firm Newmark Knight Frank, marks a total of more than 100,000 square feet in leases signed in the last 12 months at The Warren Innovation Center.
NKF's executive managing director Jeff Schotz and directors Dan Reider and Harrison Russell represented the landlord in the transaction, and JLL's managing director Jim Medenbach and EVP Bob Ryan represented the tenant.
HUBER+SUHNER is a global electrical and optical connectivity company based in Germany that specializes in combining radio frequency, fiber optics and low frequency to create solutions for communication, transportation and industrial uses. The company operates a global production network, combined with group companies and agencies in more than 80 countries.
The Warren Innovation Center is a three-building office, lab and flex campus comprised of 30, 40 and 45 Technology Drive South in Warren. Owned by Ivy Realty since the end of 2018, the campus is located near Warren's downtown center and is accessible regionally via Route 78 and I-287.
Since Ivy acquired the campus it has undertaken an extensive capital improvement campaign. At 30 Technology Drive, it executed a $1.35-million renovation project, which includes upgrades to the common areas and building façade, as well as improvements to building systems, the installation of a new roof, and the resurfacing and restriping of the parking lot. Renovations at 40 Technology Drive are to begin soon and will include common area upgrades, a new state-of-the-art HVAC system, a new roof and the resurfacing and restriping of the parking lot.
Notable recent tenants include Graver Water Systems with a 16,985-square-foot lease represented by managing director Matt McDonough of Transwestern; Market Modelers with a 2,850-square-foot lease represented by SVP Jon Compitello, and Aquestive Therapeutics with a 23,589 square-foot lease extension represented by managing director Craig Eisenhardt and VP Jason Benson with JLL.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
