Online Resources, which powers Web-based financial services for some 2,600 financial institutions, billers and credit service providers, was represented by brokers from the Murray Hill, NJ office of the Staubach Co., specifically by principal John Giordano, VP Charles Dillon and associate Christopher Conklin. Aegis was represented in-house by the firm's president, James Kinzig. Terms were not released.
"We were able to meet both Online Resources' real estate and business needs with this transaction," Giordano says. "Princeton is one of New Jersey's premier office markets, and College Road is home to many of the state's largest and most prestigious corporations."
Built in 1999, the four-story 650 College Rd. East is both owned and leased by Aegis, and is managed by BPG Management Co. Aegis also owns the adjacent building at 750 College Rd. East, and on the leasing side represents 600 College Rd. East, a complex of three buildings totaling about 500,000 sf.
Based in Chantilly, VA, Online Resources' proprietary suite of account presentation and payment services are branded to its clients and augmented by marketing services to drive consumer and business end-user adoption. The local location, occupied by the company's e-commerce services, is its second in the Garden State. Online also has a credit card services operation located in Parsippany.
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