PISCATAWAY, NJ—A technology leader for the defense and security and aerospace and transport markets has signed a long-term, 61,224-sq.-ft. lease at 140 Centennial Ave. in Piscataway, N.J. Bob Ryan, Jeff Heller and Robert Pine of CBRE represented building ownership, The Hampshire Companies, in the transaction, while the tenant was represented by Harry Klaff and Chuck Fern of Jones Lang LaSalle.
Acquired by The Hampshire Companies in 2005, the 87,501-sq.-ft. flex facility was purchased as part of a seven-building portfolio. The ownership then embarked on renovations at the property, which included an updated lobby, communication infrastructure upgrades, landscaping improvements and upgrade HVAC.
“The building’s infrastructure and flexible layout options were deciding factors for the tenant, who has plans to use the space for office and lab operations and to provide enhanced customer support services,” said Kim Stirba, a senior investment manager for The Hampshire Companies.
Located off Interstate 287, 140 Centennial Ave. provides access to the New Jersey Turnpike, Garden State Parkway and Routes 18, 1 and 22.