THOROFARE, NJ—With a $10 million capital improvement commitment from Sky Management Services, inventory control and security firm Checkpoint Systems has extended the lease on its global headquarters for another ten years. Located at 101 Wolf Drive in Thorofare, NJ, the asset is located a few miles from the Philadelphia CBD.
Through its affiliate company, Sky Power, the company will also be installing a renewable solar energy system to help Checkpoint reduce its carbon footprint and produce nearly all its own electric power from non-polluting solar energy.
“This project allows us to create a State of the Art Technology Development Center for Intelligent Retail Solutions,” says John Dargan, president of Checkpoint. “It also allows us to significantly reduce our carbon footprint through the installation of a solar energy system.”
Checkpoint’s global headquarters, which facilitates its North American distribution, research and development, and office operations, was designed and built for the company in 1994.
According to Alex Dembitzer, Sky’s founder and CEO, renovations are scheduled for completion in 2018.
“The renovations at Checkpoint will modernize the facility, and the renewable energy solar project will reduce the carbon footprint while converting the property into a sustainable facility,” says Dembitzer.
Dembitzer has made reducing the environmental impact of Sky’s buildings an increasing priority as part of what he calls his personal social mission.
At New Jersey’s Wedgewood Waterford US corporate headquarters, for instance, Sky installed a 1.5 MW solar energy system which is expected to provide 90 percent of the facility’s electricity.
Additionally, Sky Management made the proactive decision to purchase an adjacent land parcel, making it possible for Checkpoint to expand in the future if needed or for Sky Management to pursue additional development opportunities.
The long-term extension and modernization will preserve more than 150 jobs in Southern NJ and create an estimated 100 construction jobs, supporting Sky’s core values of creating and providing a substantial positive social and environmental impact in the communities in which it is active.
The lease extension was brokered NAI Mertz, the leasing agent for Sky Management Services, while Binswanger Companies was the exclusive leasing agent representing Checkpoint Systems in the transaction.