Biotech Company Commits to Long Term Lease With National Business Parks

Class A Office Space Route 1 PrincetonNational Business Parks has finalized a new lease with Advaxis, a publicly traded clinical stage biotechnology company focused on developing cancer immunotherapies.  With three products in clinical development and a variety of pre-clinical products, the company’s research focuses on using the body’s natural immune system to redirect the immune response to kill cancer.  Advaxis, a current tenant at College Park at Princeton Forrestal Center, will be nearly doubling their space, which currently includes a mix of laboratory and administrative space, to approximately 20,000 square feet at their current 305 College Road East location in College Park at Princeton Forrestal Center. The space is currently undergoing a custom build-out and will be ready for occupancy this fall. Vincent Marano, Chief Operating Officer of National Business Parks recognizes the significance of Advaxis’ decision to remain in their current location.  “The client had many options in the market for relocation, but we worked very closely with Advaxis and their brokers to accommodate their current and future needs.  We are delighted to have Advaxis as a tenant in our corporate park for many years to come.”

According to Sara Bonstein, Advaxis’s Senior Vice President and Chief Financial Officer, “By keeping our existing specialized laboratory space at College Park, expanding our administrative offices, and committing to a long-term lease with National Business Parks, we are now positioned for future expansion and growth.  Not only does the new lease make sense financially, but once the construction is complete, the space will be the perfect combination of research and development, laboratory, and offices for our company.” Bonstein adds, “In addition to the beautiful setting at College Road East, the Princeton location is ideal for our company.  Not only is it convenient, we also enjoy being among some of the worlds leading research and development companies.”

College Park at Princeton Forrestal Center, located just off the Route 1 corridor in Princeton, boasts some of the best class-A office, laboratory, and research and development office space in the area. Managed by National Business Parks, Inc., College Park at Princeton Forrestal Center is one of the area’s most award-winning office complexes.  For more information on College Park please visit their website at or call 609-452-1300.