Five new leases totaling over 60,000 square feet were recently negotiated at Princeton Point, an office property located at 600 and 650 College Road E. in Princeton, thanks to the expertise of Cushman & Wakefield’s Todd Elfand and Kevin Carton, who represented the landlord, Nuveen Real Estate, in the transactions.
The leases include:
- Dr. Reddy’s Labs expanded by 7,000 square feet and will now occupy approximately 60,000 square feet at the property. The tenant was represented by Shawn Straka of Cushman & Wakefield.
- Galapagos, an international biotechnology company, signed a 15,000-square-foot lease. The tenant was represented by CBRE.
- Coface North America Insurance Co., a trade credit insurer, signed a 13,000-square-foot lease. The tenant was represented by CBRE.
- RxSense, a health care technology company, signed a 26,000-square-foot sublease. The tenant was represented by Newmark.
- An undisclosed title company signed a 2,700-square-foot lease.
“We are thrilled to welcome Galapagos, RxSense and the title company to Princeton Point, and expand Dr. Reddy’s and extend Coface’s tenancy,” Elfand said. “Nuveen’s commitment to strategic property renovations, active amenities and ESG initiatives underlines the quality of ownership, ensuring Princeton Point is more than just a workplace, but an ecosystem designed for an experience of excellence. With solid financial backing and state-of-the-art amenities, Princeton Point is positioned as a premier destination for discerning employers in search of a workplace that truly stands apart.”
Princeton Point is a two-building, Class A office complex located within Princeton University’s 2,000-acre master-planned business and research campus. The property features newly designed building entrances, on-site tenant experience manager, café, conference center, courtyard with outdoor private seating, honeybees and on-site electric vehicle charging stations.
“We are delighted to announce our recent leasing success, a testament to our commitment to top-tier amenities and white glove service. Our focus on tenant needs continues to drive innovation and excellence in our approach,” Nelly Othman, senior associate at Nuveen Real Estate, said.
Princeton Point, which offers immediate access to Route 1 and downtown Princeton, is in close proximity to Newark Liberty International Airport, Princeton Junction Commuter Rail, retail stores, restaurants and hotels at the Forrestal Center.
