X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PRINCETON, NJ-The three-story, 63,014-sf building at 4365 Route 1 South, also known as Office One, has gone from 32% to fully leased with the recent signing of a total of nearly 42,600 sf of leases. SVP Ward Greer of GVA Williams New Jersey represented landlord Sutman Princeton Associates, a local group, in the various signings.

“These lease agreements are great news for Princeton and for the entire Central New Jersey region in a challenging economy and office market,” Greer says. “The building was recently renovated and we’ve been able to dramatically increase the occupancy.”

Much of that activity came in the form of pharma firm Theradex’s lease for 27,260 sf. Also, management firm MGA Careers took 3,627 sf; financial firm Scott Michaels & Co. signing on for 3,158 sf; Altech Star, an IT company, took 2,408 sf; Catalyst Systems, another IT company, took 2,111 sf; Joy Community Development leased 2,030 sf; and MedCases, a health care education company, took just less than 2,000 sf.

On the tenant side Tom Romano of Newmark Knight Frank represented Theradex; Brian Rushing, also of NKF, represented MGA Careers, Altech Star and Catalyst Systems; Steve Richel of Grubb & Ellis represented Joy Development; and Greer represented both Scott Michaels & Co. and MedCases. Terms were not released; the space had been on the market with an asking price of $20 per sf plus tenant electric.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.