Avison Young and Velocity Venture Partners arrange lease renewal for Fortis at 2572 Brunswick Pike in Lawrenceville New Jersey

The 29,643-sf renewal follows significant renovations at the property

Lawrenceville, NJ – Avison Young and Velocity Venture Partners have arranged a long-term lease renewal with national credit tenant, Fortis, at 2572 Brunswick Pike in Lawrenceville, NJ. The 29,643-square-foot (sf) lease stems from action taken by Velocity Venture Partners to renovate the property positioning it as an ideal headquarters-level location for a wide variety of occupiers. The newly renovated, former pharmaceutical manufacturing facility has 168,036-sf of available, divisible space along with 27,514-sf of occupied space and can accommodate manufacturing, warehouse, and distribution tenants.

Velocity Venture Partners, as landlord, was represented by Jim Scott, Principal, and Chris Winnick, Associate, both based in Avison Young’s Philadelphia office. Fortis, as tenant, was represented by Brendan Kelley, Principal, who is based in Avison Young’s Philadelphia office and Darren Shibuya of Mohr Partners.

“In addition to the renewal with Fortis, we are seeing more international companies establishing or expanding into the US,” said Scott. “New Jersey in particular, is well-positioned to attract this international activity due to its proximity to major ports, access to I-95, and densely populated areas. The region’s diverse talent pool and access to New York City further amplify the area’s appeal for international firms seeking capital raises and strategic partnerships, which is one of the driving forces behind the renovations at 2572 Brunswick Pike.”

Velocity Venture Partners acquired 2572 Brunswick Pike in September of 2023 and launched a comprehensive renovation campaign to whitebox units for industrial users across all industries and an infrastructure which provides flexibility to deliver immediate occupancy to a range of tenants, who can further divide or improve their space according to specific needs. Renovations include upgraded climate control systems, heavy power access, expansive paved areas for car and trailer parking, and is well-located near major thoroughfares. The site encompasses 15.43 acres.

“Fortis has been a bedrock tenant at 2572 Brunswick for many years, and their suite of training programs, especially for building trades, are a great complement to the industrial users we are aiming to attract,” said Tony Grelli, Founding Partner, Velocity Venture Partners. “We are thrilled to partner with Avison Young to secure this long-term extension and look forward to capitalizing on the building’s significant infrastructure to accommodate what will likely be a mix of manufacturing and warehousing tenants.”