Recently repurposed facility ideally suited to pharmaceutical research and manufacturing
Plainsboro, N.J. (January 11, 2022) – Fennelly announces it has been selected to market 31 Shalks Crossing Road, a 50,150-square-foot, 31-acre state-of-the-art research drug manufacturing facility in Plainsboro, N.J., for sale.
31 Shalks Crossing Road was originally constructed in the 1950s as the nation’s first privately-owned nuclear reactor. Utilized as a research reactor by a variety of public and private research institutions including nearby Princeton University, 31 Shalks Crossing Road played an integral role in the United States’ nuclear power research program for over five decades. However, the growing local population and ongoing funding concerns forced the reactor to be permanently shut down in the late 1970s.
Despite being rendered obsolete in its original role, the facility’s prior scientific usage enabled it to find a second life as a drug research and manufacturing facility. Undergoing extensive remediation and renovation to bring it up to pharmaceutical research and manufacturing standards, the property has served as the home to a leading manufacturer of generic pharmaceuticals for 20 years. Amidst a reorganization that has rendered the facility no longer necessary to its business needs, its current owner tapped Fennelly to market it for sale.
Highly adaptable to the needs of life sciences and pharmaceutical companies, 31 Shalks Crossing Road holds an Advanced Pharmaceutical Ingredients certification and consists of a 17,000-square-foot office lab with 10 chemical hoods, an 18,000-square office lab with six ISO8 clean rooms, a 5,000-square-foot refrigerated building, a 6,000-square-foot warehouse building and a 4,150-square-foot evaporator building. The facility also features a brand-new roof, a newly installed backup generator, FDA licensed septic field, a 400’ deep purified well, a 2500 Amp electrical service, a 146’ water tower, and a recognizable 87’ tall former reactor building.
Further highlighting its unique potential for pharmaceutical research and manufacturing, 31 Shalks Crossing Road is located just off Route 1 and easily accessible to Interstate 95 to provide its new owner with superior connectivity to the over 3,200 life sciences companies operating across all sectors in New Jersey and leading research institutions such as Princeton University.
“Since its construction, 31 Shalks Crossing Road has served as an important piece of New Jersey’s scientific community and an invaluable contributor to the state’s research economy,” said Jerry Fennelly, SIOR, President of Fennelly. “Although it has outlived its original Atomic Age purpose, this facility’s adaptability and location ensure it is well-positioned to continue to stand on the forefront of cutting-edge research and represents a rare opportunity to acquire a turnkey pharmaceutical research and manufacturing facility in the heart of one of New Jersey’s most desirable life sciences markets.”
