Larken Associates, a leading commercial real estate management firm, acquires another value-add property conveniently located between New York and Philadelphia. Branchburg Centre is two-story Class B+ office space with six active tenants. The building located at 3040 Route 22 West adds another 90,000 square feet of professional office space to Larken Associates’ family of commercial buildings and shopping centers.
Branchburg Centre comes to Larken Associates already 74% leased with an average lease term of 5.44 years. Tenants include Kronos, Pure Technologies and Tri-County Care Management. Built in 1979, the original office building was updated with renovations to the common areas, lobby and hallways. These areas will be refreshed once again with new light fixtures as well as fresh wallpaper and flooring. Larken Associates is in the planning stages of another facelift to the property.
The commercial real estate firm will install new signs for tenants inside the building as well as a new monument sign on Route 22. Branchburg Centre’s landscaping will be manicured and refreshed and the entrance facing employee parking will be renovated, allowing for additional lighting and renewed signage on the east side of the building. Parking lots will also be restriped with the addition of a sealcoat for long lasting results. Branchburg Centre now offers tenants 477 parking spots, a café, fitness center and spacious conference room for meetings.
The Route 22 submarket is a critical hot spot for business in Somerset County. It features 31 complexes including companies like Qualcomm, Met Life and Ortho Pharmaceuticals. It is nearly five million square feet of professional space and is easily accessible from US Highway 202 and Interstates 78 and 287. Branchburg Centre is located less than five miles from the 900,000 square foot Bridgewater Commons Mall and less than two miles from Raritan Valley Community College. There is roughly 22,000 square feet of office space available for lease inside Branchburg Centre with potential for medical space.
For commercial leasing information, call Larken Associates at (908) 874-8686, or visit www.LarkenAssociates.com.
About Larken Associates
A two-generation, family-owned business since 1965, Larken Associates is widely recognized as one of the region’s fastest growing and most well-respected real estate firms. Based in Branchburg, NJ, Larken is responsible for developing and managing prominent residential and commercial projects throughout New Jersey, New York and Eastern Pennsylvania.