FRANKLIN TWP, NJ-Emcore Corp., a materials science company operating in the field of compound semiconductors, and recently ranked by one regional publication as one of New Jersey’s 50 fastest-growing tech companies, has extended its 74,850-sf lease at 394 Elizabeth St. here for an additional five years.

Newmark & Co.’s Seena Stein and Richard Madison arranged the transaction, worth $3.5 million, on behalf of building owner, the Archon Group, a majority-owned subsidiary of Goldman Sachs. Paul March of CB Richard Ellis represented the tenant, which will use the site as lab and flex space.

Emcore Corp. has six divisions that are involved in operations ranging from basic R&D on materials and production tools to the design and manufacture of discrete materials.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.