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PRINCETON, NJ-BPG Properties, Ltd. and Aegis Property Group recently executed a 17,650-square-foot, five-year lease with law firm Sills Cummis & Gross at 650 College Rd. E., a four-story class A office building situated within Princeton Forrestal Center, Princeton University’s six-million-square-foot office and research park here.

The building, which is now 84% occupied, is owned and operated through a partnership between affiliates of BPG and Aegis. There is currently around 27,000 square feet of space available for lease.

According to the building’s owners, the law firm was a former subtenant in the building. “The transaction provides us the opportunity to retain a high quality tenant and maintain the diverse tenant mix within the building,” says Robert Beach, asset manager of BPG Properties, who along with James Kinzig, president of Aegis Property Group, was responsible for overseeing negotiations on behalf of the landlord.

The four-story, 168,000-square-foot office building offers frontage on College Road East. The building also features floor plates with a south wing of around 15,000 square feet and a north wing of close to 27,000 square feet. On-site amenities include a full service cafeteria.

Although the companies declined to give the rental rate, Cushman & Wakefield’s Q3 office report puts Princeton direct weighted average asking rents for class A property at $36.18. Founded in 1971, Sills Cummis & Gross maintains offices at Rockefeller Center in New York City, the Legal Center in Newark and Forrestal Center in Princeton.

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