Larken Associates, a Branchburg-based real estate firm, announced on Thursday it has negotiated five lease renewals and one new lease at the Hillsborough Business Center.
The deals, which total 25,134 square feet at Stryker Lane in Hillsborough, include:
- House of Marbles, 7,296-square-foot renewal;
- Newell Strength, 6,000-square-foot renewal;
- Indofine Chemical Co., 5,851-square-foot renewal;
- Alltite Manufacturing Corp., 3,125-square-foot renewal;
- East Coast Yeast, 1,500-square-foot renewal;
- Microphone Tech, 1,362-square-foot lease.
Situated on 100 acres, the Hillsborough Business Center is a 550,000-square-foot, 27-building industrial and flex complex. It is within close access to routes 1, 22 and 206 as well as interstates 78 and 287. It offers units from 1,125 square feet up to 40,000 square feet, spaces with 18- to 20-foot ceilings, drive-in or tailboard doors, ample parking, a fitness center and an on-site self-storage facility.
“Many experts are predicting industrial real estate is particularly well-positioned to emerge from COVID-19 as one of the more stable asset classes,” said Rob Marek, Executive Vice President of Raider Realty, the in-house brokerage division of Larken Associates. “Supply chain disruptions during the pandemic shed light on the need for enhanced onshoring and reshoring, while the continued growth of e-commerce will place further strain on an already undersupplied industrial sector. The strong leasing activity at Hillsborough Business Center showcases the sustained demand for flexible, well-located industrial spaces that we expect will continue over the months to come.”