Law Firm Re-Ups for 51,000 SF

The renewal was orchestrated on behalf of the ownership by Marano and Tom Stange, National Business Parks' leasing executive. The locally based NBP manages and leases the asset on behalf of the owner, the New York City-based Lawrence Zirinsky Associates. Terms of the deal were not released.

"For us, a lease renewal is a yardstick," Marano says. "If tenants opt to remain with us, we know they have an office environment in a market that continues to meet their expectations."

The building at 105 College Rd. East is part of the 40-acre, 11-building College Park office campus totaling some 815,000 sf within the larger Princeton Forrestal Center. The entire 11-building College Park is owned by Zirinsky and managed by NBP. The campus' space is largely occupied by R&D companies, financial services and law firms, with such major tenants besides Drinker Biddle as SES Americon, Panasonic, Hitachi and Bracco Research.

Plans have also been announced for the expansion of College Park with a five-building, 345,000-sf, 31-acre College Park 2 and a four-building, 47-acre College Park 3. Both phases are being developed on a build-to-suit basis.

The Drinker Biddle transaction is one of three leases just signed at College Park. JP Morgan Chase has signed a new lease for 4,200 sf at the 54,000-sf 103 College Rd. East for its Princeton-area offices. Represented by Seena Stein of Newmark Knight Frank, the firm is slated to move in this summer.

And Monadnock Valley Asset Management, a healthcare-focused hedge fund, has leased 1,500 sf at the 122,000-sf 2 Research Way. With the transaction, in which Monadnock was represented by Bill Barish of Commercial Property Network, the firm will be relocating from New York City.