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BEDMINSTER, NJ-Advance Realty signed two new leases at its flex building at the Picatinny Applied Research Campus, a high-tech office/research park located at Picatinny Arsenal in Morris County.Advance’s 27,500-square-foot, single-story building is part of PARC’s initial development phase that will feature approximately 100,000 square feet of office/lab space within Picatinny’s “downtown” area. It is a multi-phase development of one- to three-story build-to-suit and multi-tenanted buildings with labs, class A office space and multi-purpose flex space for high tech, defense and academic tenants and users.

The new tenants, Booz Allen Hamilton and BAE Systems, both leased 2,700 square feet. Locally based Advance was represented in each deal by Brian Banaszynski, vice president of leasing. J.C. Giordano of Jones Lang LaSalle advised Booz Allen Hamilton, a technology consulting firm that works with government agencies and corporations. BAE Systems, a defense company, was repped by Tom Semler of CresaPartners. With these leases, the building is more than 50% occupied.

“With two more of the world’s most respected companies selecting PARC for their new offices, the complex is quickly becoming the epicenter of advanced technology in New Jersey,” said Banaszynski in a statement. Future plans by Advance at the park include videoconference capabilities, meeting rooms, an auditorium and classrooms.

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