Industry News

Cendant Mortgage is building a 175,000-sf office building in the Bishops Gate Business Center in Mount Laurel, N.J.  Developed by Liberty Property Trust of Malvern,N.J., the facility is Cendant's third building in Bishops Gate and will accommodate 1,200 mortgage processing employees. The relocation is part of Cendant's overall plan for expansion. The building is slated for completion in January.

The Wake Forest University School of Medicine is planning to expand its Piedmont Triad Research Park by 180 acres. The expansion would increase the four-building, 600-worker park to ten times its current size.

Scios Inc. is relocating to 200,000 sf in Fremont's Ardenwood Corporate Center from Sunnyvale, Calif. The move will begin in January 2003 and reach completion in September. The biotech's new two-building facility will house business operations, research, medical affairs, and, potentially, manufacturing. Scios, a developer of drugs for heart disease and inflammatory diseases, currently employs 450.

Indiana University is building the Center for Young Children on its Indianapolis campus. The 24,000-gsf (17,087-asf) center is part of a Presidential initiative to improve availability of childcare on college campuses by investing in facilities. Accommodating a total of 240 part- and full-time children, the building will contain two modules with age-specific classrooms in each. The $3.4-million project was designed by CSO Architects.

Indiana University in Bloomington is developing the 33,000-sf Neal-Marshall Education Center, center for African-American studies, and the Department of Theatre and Drama (84,000-sf) in a 117,000-sf (70,200-asf) addition to the Auditorium building. Existing theatre facilities are also being renovated.  The addition will contain Department of Theatre and Drama classrooms, offices, theatres, instructional facilities, and research studios.