HILLSBOROUGH: Strong interest shown in Hillsborough Business Center leases

   Larken Associates’ commercial leasing division signed new or renewed leases in the first three months of 2013 for 50,000 square feet in the Hillsborough Business Center on Stryker Lane, one block off Route 206.
   New leases made up nearly 18,000 square feet of the total. All Corporate Services, BRC Electrical Contractors and Tool in the Box all leased 1,500 square feet, and Newell Strength expanded to 3,000 square feet.
   IdeOn LLC leased nearly 2,000 additional square feet of industrial space to bring the packaging consulting and consumable supplier’s total square footage to 6,810. IdeOn has been a tenant at the center for seven years.
   ”We needed more space but moving our lab and materials would be much too complicated,” said Dr. Subh Chatterjee, president of IdeOn LLC. “Larken Associates helped us expand into the space next to our already existing location without disrupting business as usual.”
   Renewals were also strong. Zala Machines staying in its 15,000-square-foot space, along with Electrical Installation & Design (2,500) and Eagle Contracting & Cooling (1,135). Zala Machine, 4 Way Lock & Door and TNT Pools are long-time tenants.
   New tenants are Newell Strength and Satellite Textile, which both leased 3,000 square foot spaces, and Yili, Inc., which leased 3,125 square feet.
   ”It’s exciting to see so many new tenants who are benefiting from its great location and Larken’s ability to customize spaces to fit tenants’ needs for office and warehouse space,” said David Gardner, president and COO.
   Hillsborough Business Center features 24 separate buildings providing 525,000 square feet of space with parking, separate utilities and entrances for each tenant, and 18-foot ceiling heights with large overhead dock doors.
   General industrial zoning provides for multiple permitted uses, including office, warehousing, distribution, lab, light manufacturing, and assembly, and units from 1,125 square feet to 40,000 square feet.
   Family-owned Larken Associates has been building and managing commercial and residential real estate for nearly four decades.