JLL announced that it is nearing full occupancy at the 120,528 square foot, Class A office property located at 10 Independence Blvd. in Warren, N.J., following a new lease with clinical trial company, Amici Clinical Research.
Amici is a division of the IMA Group’s network of integrated research sites specializing in clinical trials in multiple therapeutic areas. The company signed a long-term lease for 6,402 square feet of custom space on the property’s first floor.
JLL represented the building’s ownership, American Equity Partners (AEP), in the transaction. Amici is relocating and expanding from 34 E. Somerset St. in Raritan and will take occupancy of its new space next month.
10 Independence Blvd. is a four-story office property built in 1988 and meticulously renovated by American Equity Partners to meet the demands of corporate occupiers seeking superior quality space. Ownership redesigned the building’s two-story atrium as a bright and welcoming modern entrance, and upgraded common areas, restrooms and elevator cabs.
New amenities include a common conference space, expansive tenant lounge with game room, and a comprehensive fitness center, while EV charging stations have been installed within the 410-car exterior surface parking lot. Major tenants at 10 Independence Blvd. include pharmaceutical company Cipla USA, Inc., Envision Pharma and wireless giant, T-Mobile. AEP is also constructing a new retail building at the site that will be anchored by Dunkin’ Donuts and is scheduled for completion in the second quarter of 2023.
Ownership has completed a custom buildout for Amici, creating an efficient and highly collaborative space that will enable the company to conduct its work with participants in clinical trials for vaccines and new therapies. Amici has expertise in fatty liver, cardiovascular, pulmonary and neurologic diseases as well as endocrinology, dermatology and vaccine studies, among the fastest-growing categories of clinical research today.
JLL managing director Bob Ryan and associate TJ Romano serve as exclusive leasing agents for 10 Independence Blvd. and represented the landlord in the lease with Amici. Larry Dickstein, president and CEO of Dickstein Real Estate Services, represented the tenant.
“We are delighted to announce this new lease that brings 10 Independence Blvd. to 92 percent occupancy and solidifies the property’s position as a leading corporate location in prestigious Warren Township,” said Ryan. “The building’s consistent appeal to premier corporate occupiers is a testament to American Equity Partners’ repositioning effort and its commitment to meet the needs of tenants seeking exceptional work environments and best-in-class amenities.”
10 Independence Blvd. is situated within the 118-acre Somerset Hills Corporate Center, a bucolic business park at the interchange of Exit 33 off Interstate 78. The building is within walking distance of localrestaurants, coffee shops and parks in Warren, a town consistently ranked among the nation’s best places to liveand part of a submarket whose residents provide a deep and highly educated labor pool. The property is almost equidistant from New York City and Philadelphia, and less than 20 minutes from Morristown and Newark Airport.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets debt and equity services to New Jersey’s leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown, and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2021.
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About American Equity partners
AEP is a fully integrated, self-funded commercial real estate firm located on the East Coast. We specialize in purchasing properties and turning them into thriving Class A office buildings and industrial spaces. Our team is a cooperative of diligent, dedicated professionals who value integrity, trust and excellence above all. AEP is comprised of two principal divisions that share the same vision: providing stellar service with unparalleled expertise. American Equity Partners, our acquisitions division, focuses on the purchase of well-located assets to enhance property performance and value. Our management division, Broad Management, maintains the properties and provides tenant services. Our tenant experience is unmatched, with exclusive amenities and concierge-style services ensuring every need and want is met.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information,, visitjll.com.