Law Firm Leases 29,000 SF

PRINCETON, NJ-The law firm Dechert LLP has signed a lease for 28,643 sf of office space at 902 Carnegie Center here. The firm has agreed to take the entire top floor of the five-story, 135,399-sf building. Terms were not released. The Philadelphia-based firm, which has a total of 17 offices and more than 1,000 attorneys, currently has its local office at 997 Lenox Dr. within the Princeton Pike Corporate Center in Lawrenceville, NJ.

The signing brings the building past the 50% leased mark. To date, owner Hilton Management LLC has leased a total of more than 71,400 sf, leaving approximately 64,000 sf still on the market. Dechert joins earlier signees Wilmington Trust, Stifel Nicolaus, Yianolis Labs and Ironbound Capital Management, as well as owner Hilton Management, on the tenant roster

As reported by GlobeSt.com, the 10-acre site was originally a project of Advance Realty Group, which sold the fully approved project to Hilton Management in 2005. The latter started construction of the building on a spec basis shortly thereafter.

For the Dechert signing, Hilton Management was represented in-house by Mark Hill, Matt Malatich and Jon Brush.