148,000 s/f gum heaven to be built on Route 10.

Archon Group, L.P. announced it has signed a long-term lease agreement with Cadbury Adams for a 148,000 s/f, state-of-the-art science and technology facility on Route 10 in Hanover township, N.J. Cadbury Adams intends to use this facility to expand its innovation capabilities and develop new gum, mint and candy products.

Cadbury Adams' brand portfolio includes such widely recognized products as Bubbaloo, Bubblicious, Certs, Chiclets, Dentyne Fire, Dentyne Ice, Halls, Trident and Trident White.

Archon's New Jersey office and Cadbury Adams assembled a highly specialized team to satisfy the design and site plan approval requirements. Throughout this partnership, Archon successfully expedited the site plan approval process to meet Cadbury Adams' expectations and deadlines. Construction of the new Cadbury Adams' science and technology center is scheduled to commence in July, with completion expected in the second half of 2005.

Archon had previously obtained approvals for a 301,000 s/f class A office building on this and an adjacent site.

The adjacent site remains available for an additional 100,000 s/f development.

The Archon team consisted of San Morreale, director of development and leasing, Fred Arena, director of commercial real estate, Steve Jason, regional counsel, and Tom Monaghan, asset manager. Cadbury Adams was represented by David Houston, of Colliers Houston.