Cushman & Wakefield tapped to manage, lease two office buildings in Princeton

By Emily Bader
Princeton | Aug 8, 2019 at 3:00 am

Cushman & Wakefield announced Tuesday it has been named the managing and leasing agent for two Class A office buildings in Princeton.

Argent Ventures, a real estate company based in New York City, recently purchased the assets at 1 University Square and 115 Campus Drive, according to Cushman & Wakefield.

The firm said Michael Nevins of the its regional Asset Services practice will head the assignment and Kevin Carton and Todd Elfand, office leasing specialists, will manage leasing.

“It is particularly gratifying when existing clients recognize the outstanding results our company brings to this type of project,” Nevins said. “We look forward to ensuring the responsible operation of these two premier assets while upholding and enhancing their competitive positioning.”

The 330,000-square-foot, five-story 1 University Square currently has 48,000 square feet of marketable availabilities, Cushman & Wakefield said. BlackRock, a global investment firm, is the anchor tenant. The building has on-site amenities, including conference facilities; a fitness center with lockers, showers and a sauna; concierge and security services; and a cafe.

The 33,600-square-foot 115 Campus Drive caters to high tech, lab/pharmaceutical and biopharmaceutical clients. Tenants are allowed access to all the amenities shared at University Square.

“Demand in the Princeton region remains extremely strong, bolstered by access to highly educated talent and the presence of other large corporations,” Carton said. “1 University Square and 115 Campus Drive represent a distinctive opportunity for companies to establish or grow a presence in one of the most coveted office submarkets in the country.”

The campus is located within the Princeton/Route 1 corridor with direct access to interstates 295 and 95; routes 27 and 206; and the Garden State Parkway.

Emily Bader | ebader@roi-nj.com | emilybader