Friday, November 18, 2005

Jones Lang LaSalle
Four Buildings Totaling 130,000 SF Under Construction
By Eric Peterson
Last updated: November 18, 2005 10:07am

HILLSBOROUGH, NJ-Locally based Larken Associates has started construction of the final four buildings within the company’s Hillsborough Business Center here. Totaling 130,000 sf of office/flex space, the one-story buildings are slated for delivery in the summer of 2006.
“We’ve completed the lease-out of the existing 21 buildings at Hillsborough Business Center,” says Robert Marek, vice president of Raider Realty, Larken’s leasing arm. Larken began developing the complex in the 1980s, and most recently added four buildings totaling 78,000 sf in 2002.
“Interest in the new buildings has been equally strong,” Marek says, adding that the new space is available on either a rental or for-sale basis. “Apparently, there are still a large number of business owners looking for space.”
With marketing of the space under way, targets include distributors, national and international satellite offices and call centers, according to Marek. Adds Victor Kelly, another Raider Realty vice president, “should businesses experience growth in the future, we do have the capability of providing additional office space within the complex.”