NBP Puts 72,000 SF on the Market

"The building was, until recently, occupied by a multinational financial information organization which undertook a $13-million renovation program that equipped the building with cutting edge communication technology and innovative interiors," says Vincent Marano, COO of NBP, which manages and leases the asset for owner Lawrence Zirinsky Associates. "Within a few years, however, they outgrew the space and were reluctantly forced to relocate. Suffice it to say, 400 College Rd. East is now available."

That previous tenant was Bloomberg Financial, which relocated within the Princeton submarket. Bloomberg took over the space in 2001, replacing original tenant Merrill Lynch, which moved out in 2000.

According to Marano, who's handling the assignment with NBP colleague Tom Stange and Doug Petrozzini and Ben Shapiro of Grubb & Ellis, the building features an open floor plan with polished terrazzo floors and stainless steel and wood finishes. "This building provides an opportunity for a high level of corporate identity, and we are also able to divide the space," Marano says. The space is currently listed with an asking price of $26.50 per sf plus tenant electric.

The larger College Park at Princeton Forrestal Center consists of 11 office buildings totaling 815,000 sf on 40 acres. Corporate neighbors include SES Americom, Panasonic, JP Morgan Chase and Bracco Research.