Rockleigh building to undergo $30 million upgrade

ROCKLEIGH - A Connecticut real estate company has acquired 8 King Road, a two-building, 200,000-square-foot diagnostic lab and office property, where it plans to make $30 million in improvements, the company said Thursday.

Marcus Partners of Wilton, Conn., will do the revamp on behalf of the existing tenant, Spectra East Inc. The plan is to upgrade the buildings' infrastructure and expand Spectra into the entire facility under a new long-term lease.

The improvements to 8 King Road, in Rockleigh Corporate Park, will include: new Class A finishes to the lobbies and common areas; laboratory and warehouse expansion; faade enhancements; roof replacement; HVAC and back-up power generator replacements; and site and parking-lot improvements.

Marcus Partners has taken over the management of the property and will provide development and construction management services during all phases of the renovation project.

"This acquisition has the added benefit of being our first major foray into the northern New Jersey market - a market presence we wish to expand further over the next few years," Marcus Partners Principal David Fiore said in a statement.

- Linda Moss

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Rockleigh building to undergo $30 million upgrade