COLLIERS INTERNATIONAL ARRANGES 13,000-SQUARE-FOOT SUBLEASE WITH BIOTECH COMPANY

Quantex Laboratories relocates to Cranbury, NJ

PARSIPPANY, NJ, April 5, 2013 – Colliers International has arranged a 13,000-square-foot transaction at 3000 Eastpark Boulevard in Cranbury, NJ with Quantex Laboratories, subleasing a portion of Ligand Pharmaceuticals’ space in the building.

Quantex Laboratories — which took occupancy of its new space at 3000 Eastpark Boulevard in February, having relocated from Edison, NJ — acts as an extension of analytical, discovery, R&D, manufacturing, and quality teams, serving pharmaceutical, biotechnology, medical device, personal care products, and cosmetics companies.

“Quantex was in search of an existing laboratory space to accommodate its growth needs,” said Dick Hecker, a Managing Director in the New Jersey office of Colliers International, who represented the subtenant in the transaction. “The Ligand sublease opportunity features a specialized R&D infrastructure that creates great value and savings for life sciences companies.”

John Cunningham, an Executive Managing Director with Colliers International, represented the sublandlord, Ligand Pharmaceuticals, in the transaction.

Ligand Pharmaceuticals is a La Jolla, California based biotech company that specializes in drug discovery and development. Ligand leases the entire 65,000-square-foot 3000 Eastpark Boulevard building, as well as an additional 27,000 square feet in the adjacent 1000 Eastpark Boulevard.

Located on Route 130 in Cranbury, 3000 Eastpark Boulevard is in close proximity to Exit 8A of the New Jersey Turnpike and is 10 minutes from Princeton.

About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Contacts: Russ Colchamiro, Laureen Toiba
The Marino Organization
212-889-0808
Russ@themarino.org, Laureen@themarino.org

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Categories: Real Estate

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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