PRINCETON, NJ-RXR Realty LLC has announced that Otsuka America Pharmaceutical Inc. has signed a 67,531-square-foot, long-term lease at University Square, its newly completed 313,000-square-foot premier class A office building located in the Princeton submarket. Otsuka was represented by Jane Moni and Lori Gaffney of Triad Commercial Real Estate, while First Service Williams represented RXR.

According to Todd Rechler, president of RXR New Jersey, the first building’s first tenant will occupy the entire top floor of University Square, consolidating and expanding its east coast operations from two separate existing facilities–located in Rockville, MD and Princeton–into one corporate headquarters facility. While RXR would not reveal the lease amount, the company’s website lists University Square space for $36.50 per square foot.

Building features include a two-story atrium lobby with cherry wood paneling and granite detail; state-of-the-art communications and technology; multi-dimensional teleconferencing and training facilities; concierge service; a health club with locker rooms and saunas; and a full-service cafeteria.

Located along the Route 1 Corridor, at the intersection of US Highway 1 and Alexander Road, University Square is situated within close proximity to the Princeton Junction Amtrak and New Jersey Transit train station.

University Square currently has approximately 245,469 square feet of class A office space available for occupancy.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.