Cushman & Wakefield Completes Two New Office Leases in Princeton Market

Signings Come at Ivy Realty’s Class A 150 College Road West
By: Cushman & Wakefield
 
PRINCETON, N.J. - Nov. 4, 2015 - PRLog -- Commercial real estate services firm Cushman & Wakefield has inked two new long-term leases at 150 College Road West, a 70,550-square-foot, Class A office building in Princeton. The firm’s Edison, N.J.-based team of Paul Giannone, Todd Elfand and Kevin Carton completed the transactions on behalf of owner Ivy Realty, which acquired the three-story building just more than a year ago.

Joining the tenant ranks are Epstein Becker Green (EBG), a national law firm with a primary focus on health care and life sciences; employment, labor, and workforce management; and litigation and business disputes, which signed for 4,800 square feet. EBG was represented by Larry Martin and Steve Tolkach of Newmark Grubb Knight Frank in the transaction. Additionally, Freyr Inc., a global provider of regulatory solutions and services, leased 2,436 square feet and will utilize the location as its North American operations center.

The two new tenants will join existing tenant Essential Power Services, which occupies approximately 15,000 square. A total of 49,000 square feet remains available, including the full, 24,000-square-foot second floor.

“We are seeing strong demand in the remaining space and expect to have additional announcements very soon,” said Elfand. “In addition to the entire second floor, the building offers multiple units from 3,000 to 13,000 square feet on the first and third floors.”

Completed in 2001, 150 College Road West is situated just off U.S. Route 1, with high visibility from that well-traveled route. It has close access to the New Jersey Turnpike, Interstate 95, Interstate 295 and U.S. Route 130, and is within one hour of both New York City and Philadelphia. The site is also adjacent to Princeton Forrestal Village and its many amenities.

“150 College Road is an amenity-rich location with easy and exceptional access to hotels, a health club, restaurants and shopping, all within walking distance,” said Giannone. “With its deep pool of large global corporations, this location remains one of the best performing markets throughout New Jersey.”

The successful merger (http://www.cushmanwakefield.com/en/news/2015/09/merger-an...) of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

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About Ivy Realty

Ivy Realty was founded in 1996 to acquire commercial real estate in the northeastern United States and later expanded into southeastern Florida. Since its inception, the firm has built a reputation as one of the finest real estate operators in the market having acquired in excess of $1.5 billion and 11 million square feet of commercial real estate assets.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Evelyn Weiss Francisco, Caryl Communications
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Source:Cushman & Wakefield
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Tags:Commercial Real Estate, Class A
Industry:Real Estate
Location:Princeton - New Jersey - United States
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