Biocentriq Establishes Princeton Headquarters
Newark-based cell therapy contract development and manufacturing organization Biocentriq has signed a long-term lease to establish a new headquarters at 201 College Road East in Princeton Forrestal Center.
The company is planning a $12 million upgrade to the 60,000-square-foot facility that will include six cleanrooms equipped with state-of-the-art cell therapy manufacturing technologies. An additional 30,000 square feet of expansion space is available to accommodate increased production capacity in the future. Work on the facility is expected to be complete by the second quarter of 2025.
The company’s existing Newark facility will maintain its role as a clinical GMP production center and as the company’s hub for specialized training and workforce development for pharmaceutical and biotech innovators and service providers.
With its expanded infrastructure, BioCentriq will offer a full range of services, including technology transfer and new technology assessments, process and analytical development, GMP manufacturing, quality control lot release, and stability testing services. The company LEAP manufacturing platform has supported a wide range of cell therapy modalities.
“Securing this facility marks a significant milestone in our growth and reinforces our mission to deliver high-quality, scalable manufacturing solutions for cell therapy innovators globally,” said Syed T. Husain, chairman and CEO of BioCentriq. “This facility allows us to further support our clients in bringing life-changing therapies to patients and demonstrates our ongoing commitment to providing industry-leading manufacturing expertise.”
For more information, visit www.biocentriq.com.
South Brunswick Industrial Site Acquired
New York City-based real estate investment advisor and operator Sagard Real Estate has acquired 19 Commerce Court West in South Brunswick.
The financial details of the transaction were not disclosed.
The Class B industrial property located in New Jersey’s industry-heavy Exit 8A submarket was built in 1985 and renovated in 2024. The 8.6-acre site houses a 64,700-square-foot building with climate controlled warehouse space set up to accommodate one or multiple tenants. Additional development at the site is also possible.
Sagard is planning for further upgrades, including new office spaces, a new sprinkler system, and additional dock-high doors, to match current demands in the industrial market.
The rapid growth of e-commerce and the need for distribution channels has led to strong demand for industrial space and, consequently, strong interest from investors in that sector.
“We’re excited to add 19 Commerce Court West to our portfolio as we continue building a foundation of high-performing assets in markets with strong growth potential,” said Tyler Williams, managing director at Sagard Real Estate, in a statement. “We continue to seed the portfolio with proof-of-concept investments that advance our fund’s strategy.”
“This acquisition perfectly aligns with our focus on investing in properties that combine strong market fundamentals with meaningful opportunities for value enhancement,” said John Maurer, head of equity at Sagard Real Estate. “We’re eager to implement improvements that will enhance its functionality and provide long-term value for tenants and investors alike.”
