Majority of former Bristol-Myers complex is up for lease

By Eric Strauss
Princeton | Jun 14, 2018 at 1:37 pm

A former Bristol-Myers Squibb complex within Princeton University’s Forrestal Campus now has 440,000 square feet available for lease, according to Colliers International Group Inc.

Colliers said the two Class A office buildings along Scudders Mill Road are owned by Trawler Capital Management LLC, which is new to the region, but plans a repositioning strategy for the property.

The leasing team of Thomas Romano and Charlie Hatfield, executive managing directors, and Brett Incollingo, associate, are handling the assignment, seeking partial- and full-floor tenants, as well as full-building tenants.

“The campus was built to a quality standard that sets it apart from many other Class A office campuses within the central and northern New Jersey office markets,” Hatfield said in a prepared statement. “The original design anticipated the eventuality of being repurposed as a multitenant campus, thereby affording tenants increased efficiency and value.”

The overall campus includes three, five-story office buildings of 220,000 square feet each, which formerly served as the pharmaceutical firm’s headquarters.

“The Princeton-Route 1 submarket is a particularly attractive one,” Romano said in a statement. “An asset of this caliber and size will afford full-building and full-floor tenants efficient and attractive occupancy options within the Princeton market.”

Trawler has hired the Ware Malcomb architectural firm for the repositioning.

“The combination of Trawler Capital, Colliers International and Ware Malcomb creates a diverse, strategic and nimble team that will aggressively pursue and respond to each opportunity quickly and creatively to provide the most competitive transaction structures in the New Jersey market,” Romano said.

 

Eric Strauss | estrauss@roi-nj.com | acerimrat