Monday, January 27, 2020

New Jersey Medical Device Maker Chooses New Headquarters

A medical device company is relocating its global headquarters to Marlton, New Jersey, from its current location in Mount Laurel in the Garden State.

Impulse Dynamics has signed a long-term lease for 21,000 square feet at 50 Lake Center, an 88,800-square-foot Class A office building in the greater Philadelphia metropolitan area, according to the broker on the transaction, Avison Young. The property is owned by Twenty Lake Management in New York City, according to CoStar data.

Impulse Dynamics is now based at the Gateway Business Park at 523 Fellowship Road in Mount Laurel. It plans to make the roughly 3-mile move in the second quarter this year.

The firm recently announced it had completed an $80.25 million Series D financing with new investors. The proceeds will mainly be used to facilitate the U.S. commercialization of the Optimizer Smart, a Food and Drug Administration-approved implantable device for treating chronic heart failure that's been proven to strengthen that vital organ and help it beat more forcibly.

The Marlton property, constructed in 2006, features ribbon glass construction, a two-story granite atrium, an expansive window line, scenic lake views, on-site walking/running trails, and ample parking. The four-story building is on a nearly 12-acre site that's on Route 73, just a mile north of the Route 70 intersection and 3 miles from the New Jersey Turnpike, according to Avison Young.

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