A headquarters relocation highlights recent leasing activity at a Princeton office complex, according to real estate services firm Cushman & Wakefield.
C&W said four tenants have leased space totaling 64,000 square feet in recent moves at the Class A complex at 600 & 650 College Road. C&W is the exclusive leasing agent for the 440,000-square-foot property.
Global credit insurance company Coface North America is the newest tenant at the site, taking 27,000 square feet as it moves it headquarters from East Windsor. JLL was the tenant broker for the long-term lease.
“The move from nearby East Windsor to 650 College Road enables Coface North America to leverage the employee recruiting and retention benefits of a Princeton address in Forrestal Center,” C&W’s Todd Elfand said in a prepared statement. “In addition to this master-planned campus’ bucolic outdoor facilities — including extensive walking and jogging trails — 600 & 650 College Road offers easy access to Route 1 and abundant amenities, as well as downtown Princeton’s vibrancy. This neighborhood is a recognized go-to location for Fortune 1000-quality tenants, who enjoy access to the region’s affluence and deep white-collar labor pool.”
Other recent leases at the properties include renewals from:
- BT Americas, 8,000 square feet, represented by Colliers International;
- Hamilton & Co., 6,000 square feet; and
- RCN Corp., 23,000 square feet (in 2017).
Cushman & Wakefield orchestrated both the BT Americas and Hamilton transactions on behalf of the property owner, TH Real Estate, an affiliate of Nuveen, TIAA’s investment management arm.
TH Real Estate is planning a rebranding and renovation program, C&W said. Elfand, along with Paul Giannone, Kevin Carton and Joe Vacca, handle the project for C&W.
